The income from the child LLCs can be reported on the return for the parent LLC on a Schedule-7, no need to file individual business returns for the child LLCsFor context, my specific situation is the following (and what I described to the agent to get the above answer): I am a CA resident, so I'm doing business in state by virtue of living here and then being in control of / making decisions pertaining to businesses registered in other states.

Because the buyer has poor financial discipline which is why they can't qualify through a bank.If you have good financial discipline but just have bad credit due to unfortunate events outside of your control (e.g. medical issues) then my recommendation is to work hard to recover your credit and save up the funds necessary to purchase.I'm using seller-financing right now to purchase six apartments but it's because the terms are more favorable to me and the seller, not because I can't qualify through a traditional lender.

I guess it was pretty ignorant to say that as such a sure thing, but I do stick with my guns on controlled marketing.

A flipping entity, I almost exclusively choose an S-Corp as it allows you to control self employment income in a reasonable manner.

Unfortunately, for the single MHP property model, your options for containing legal costs are to: 1) joint venture [all investors in active control of their own money], 2) only allow accredited investors (so you aren't required to have a PPM), or 3) figure out a way to scale up your business model and buy bigger deals or multiple deals at a single shot. 

@Dave Saveri Most of these deals are controlled by brokers.

If you already control 15 units in your own back yard - I believe you will manage with the units located a hour and half from you .

It is buying the home and then financing a expensive car and other spending patterns that is fully in your control that causes the problem. 

There is noting you can do to control when tenants decide to move out.

A colleague of mine mine thinks that since the property should be considered to be abandoned  since there is a statement on the door and has been under their control for over a year.