Is an Anonymous LLC Worth It?

[Brandt Welch]

I've been researching creating an LLC for real estate investing. I've been watching some videos by Anderson Business Advisors in Youtube (specifically this video: https://www.youtube.com/watch?v=XdSp5GXbiE4) where they suggest creating a member-managed, anonymous LLC in a state such as Wyoming and then creating a member LLC in your operating state. The reason being, this provides the anonymity protections offered in Wyoming while still enabling your operating LLC to own and operate in the state where the property is.

My questions are:

Is the added overhead of this multiple LLC structure worth it?

Is this a legitimate structure?

Are there any drawbacks of this structure that could come up down the line?