California does not recognize series LLCs.You also want to look at whether a pass-through entity helps your bottom line and your taxes.

Which implies to me that this big federal level entity -- for whatever it's worth -- seems to think that buying, maintaining, and owning a rental property is A-OK.But, then again, sometimes the right hand does not know what the left hand is doing.

@Daniel Chen, until the property is deeded over to the new entity the new entity can't do anything with regard to the property or tenants.

Check with the City or government entity who determined it's uninhabitable to find out why.

On the corporate side I have seen both SPE ("Special Purpose Entity") LLCs and Trusts used for holding assets, largely depending on what the buyer is looking to achieve.

If I had to try and sum it up it would be: Form a corporate entity for asset protection; buy properties using leverage to maximize the use of your money; write off your expenses through your business  including depreciation, taxes, insurance, repairs, etc to maximize your tax deductions.  

We are creating an entity to allow our clients to purchase properties in various states - eg Florida and Ohio.

-AustinI switched to WAVE for a couple of my less complicated entities.  

Regarding entity structuring, that's a conversation you'll want to have with your accountant and attorney.

ALSO, more buy on terms, more buy via unique constructive means such a C4D or LO, all additional mechanisms a business entity is doing for-profit. 2.1 Appreciation is GUARENTEED by the higher rates.