If you have lots of other wealth in other buckets then disregard my last comment.

California does charge an $800 fee for the LLC and if it's NOT disregarded to you then you must file a tax return (more money.) 

Questionable if it does anything to your credit as it is an incomplete filing with the bankruptcy court that is disregarded after a short period.

It could be heat in the winter(in Michigan) or AC in the summer (imagine them running AC at 70 degrees all summer in Phoenix) or just general disregard for leaving lights on and things like that.

Disregard the male female split.  

Its good to have the LLC here since that's a disregarded entity for tax purposes and you can get the best of the protection and losses 

A single member LLC is disregarded for tax purposes, so the LLC doesn't make any difference. 

I've heard the rumblings of several states pushing for time limitations and out-right disregard for history but hadn't heard of anyone pulling the trigger (pun intended) quite yet.I would be happy to share our published rental application standards (defined for central Iowa, reviewed and approved by local real estate attornies) if anyone is in need.

It is my understanding I can then elect subchapter s taxation and the LLC will be deemed a disregarded entity by the IRS.

If it's just you that owns the LLC, it's considered a Disregarded Entity which means you virtually have no Asset Protection and it's just like you own the property in your own name.