LLC collecting rent - For an out of state investor

[Michael Shepherd]

Hello, 

I'm an out of state investor who lives in CA and invests in MI. My current entity structure is that I have a WY LLC as my Mother company and a MI LLC as my real estate holding holding company in MI. However I have yet to transfer my properties over to the MI LLC because there was a few things I was unsure on.

Firstly, How should rent be collected in the entity structure? I'm under the interpretation that rent should be collected by my MI LLC, then paid to my WY LLC, and then deposited to my personal bank account. Is this correct?

Secondly, I currently have a bank account for both of my LLCs at the same bank in MI. Is this correct, or should I have a WY bank account for my WY LLC? I'm worried about getting double taxed.

Thirdly, The business who set up my LLCs are telling me I do not need a foreign entity for my WY LLC in MI because "The subsidiaries being in Michigan are considered disregarded entities. Because they are owned by a WY entity, the taxes flow to the WY entity first, disregarding taxes from the subs. WY does not have state income tax as it flows through to your personals." - Is this correct because I've heard other things?

Thanks for any and all feedback :D