On the other side of the coin, since the conversation was short, do not disregard what she told you.

If you own 100% of the LLC the LLC will be disregarded for tax purposes and be reported on your individual return unless you make an election to file as an S Corporation which generally does not make sense for real estate since its so hard to get property out of an LLC filing as an S corp without a taxable event.

If just you the LLCs are disregarded for tax purposes only and report on your individual return.

To echo everyone else, see an attorney on the legalities and a CPA on the tax implications.In general, tax implications of a property contributed to an LLC depends upon how the entity is being taxed - as a corp, disregarded entity or pship.  

Obviously they're not concerned with honoring legal agreements as they've disregarded the lease.I formally evicted a tenant two months ago.

If so, then disregard the previous two posts about self-directed IRA plans.  

Disregard my question as I see now that your formula is for 1-4 units, thus inclusive of SFH PROPS.  

So, Investor LLC would be the sole member of all of uour property owner LLCs, which is actually beneficial for a number of other reasons, but the property specific LLCs will be considered disregarded entities for tax purposes, so you still only have one taxpayer to worry about.

As soon as we receive the money you can disregard."

Sam LLoyd A single member LLC is a disregarded entity in the eyes of the IRS.