You can also do the same with a NV company that files a lien on one of the properties because NV companies do not reveal owners or partners.If you have sole member LLCs create a management corporation so your liability is limited because LLCs are disregarded entity for the IRS and in FL they are also disregarded for the Courts.For real estate property, FL protects your homestead for the its value.

However, you will rarely find someone on Bigger Pockets that would disregard your question.

I would keep your 3 properties in the LLC as a disregarded entitity and just report it on your 1040.

I actually came across BiggerPockets during my search for info in the first couple of months, disregarded it then since I wasn't looking to be a REI then.

It's ridiculous what grown adults will actually spend time fighting over...If you're renting the whole thing to one person, obviously disregard.

@Jonathan Rodriguez  Is that better than filing as a disregarded entity?  

Personal use also includes time spent at your place by another party under a reciprocal sharing arrangement (“I use your place in exchange for you using my place”) whether the other party pays market rent or not.Days devoted principally to repairs and maintenance are considered days of vacancy and are disregarded, even if family members are present while you work away.The tax drillVacation homes in this category are treated as personal residences for federal income tax purposes.

.), it is much more likely that inability to control spending and disregard for the sanctity of credit payment promises is the reason for their predicament.  

Create an LLC for asset protection but treat it as a disregarded entity for taxes - i.e. report it on your personal tax return, just like you already do with the existing property.

FWIW, these rental properties are set up as single-member LLCs ("disregarded entity"), as passive income.