The master lease structure you mentioned — where your main LLC leases the property from your personal name and then sub-leases to tenants — is a clean way to create that legal separation and keep operations under one umbrella.A few quick tips from my own experience:• A Series LLC lets you create “child entities” under one parent — each property can be isolated for liability without forming a new LLC every time.• You don’t need a lawyer to start, but it’s smart to have one review your first master lease agreement, just to make sure it’s properly worded.• Keep your bank accounts and accounting separate for each series/property.

To say all people are safe using dope or seller financing is foolish at best and someone needs to monitor the situation for them.Or, we could just let every child have a handgun and bullets and tell them to go learn in the marketplace.The info is available for free to learn to be a knife juggler, too.Will you commit to paying for the legal expenses of anyone that follows your advice?

I have been researching and studying for about 5 years but after the global health conflict personal tragedy struck with the unexpected tragic loss of my child having to set things aside.

Its very difficult to tell someone what they should go in without knowing them, as its like telling a child what to go to college for without knowing what their skillset is.

All my advice is based on middle class wealth which won't see inheritance taxes.Technically, you have to pay income tax on anything your children earns until you are no longer claiming child tax credit and they are over 18. 

Also, from my experience, it gets thrown off on parent-child listings because if the child books, the parent gets blocked, so it double-counts that income for those listings. 

If it is a matter of having enough time to manage the STR yourself the next year, you should have a story of why you no longer can do that (regular work duties increased, another child, had to move, etc.)

We are still undecided on whether long-term, mid-term, or short-term are the best way to go, but we have started reading everything we can get our hands on to give us more background. 

Note at end of life, prop 13 benefit continues if residence of deceased becomes residence of a child.   

She wanted to have her child in the excellent school district and often paid late but always paid so I let it ride.