LLC's and taxes advice

[Paige Rob]

Can someone provide more context to statements like: our loan will never report to a credit bureau because it is a private loan so DTI will not be affected....won't it show on a fraud credit report, the deep dive report?

also, within same context: we have some investors with over 100 investment properties in their LLC and those loans never affect the DTI analysis.

So is the LLC doing it's own business taxes like a C or S corp and therefore the properties are not on personal taxes on a schedule E? So when seeking to refi say a primary and the client has and LLC, don't they disclose the nature/business of the LLC?

I'm trying to understand the pro's and con's of using LLC's. I have several rentals I purchased years ago with loans on them to me. I live in CA and the rentals are in other states, not here. If I understand this correctly I can either form an LLC in each state and also have to pay CA a franchise fee for each LLC at $800 a year or form one LLC in NV or DE for the investments/investment loans. Either way, I then have to treat the LLC as a C or S corp, do taxes on that, have it reflected on my personal taxes not on a schedule E and still have the CA fee. A savvy lender will never want to deep dive into the LLC that is for reflected on personal taxes that holds real estate investments?

If anyone can shed light on any of this, I'd appreciate it.