When you have $1 million in equity, then it may be appropriate to consider setting up an LLC.An LLC is useful for two things: anonymity and legal protection.

Apparently, the lady is part of the neighborhood "Busybodies Anonymous" and has the latest scoop on everything!

@Metse ElliotTrusts are really for anonymity.

Another scenario, perhaps you are sending the same email to a bunch of potential investors, but the investors wished to remain anonymous from each other, you would BCC all of them, so no one would know who all were included on the email.

The anonymity of what you own is more important IMO. 

Don't worry, I did the math.An LLC is useful for two things: anonymity and legal protection.

A revocable living trust can get a Fannie Loan at closing & without any sneakiness, and generally nothing stops Brandy Phillip from calling his trust the "Screw You My Name Is A Secret Trust" instead of the "Phillip Family Trust," providing some degree of anonymity (you can just google who owns an LLC, most of the time...). 

Just so you know, you are not anonymous to your BP colleagues so accept wisely

Your anonymous last name here is subpoenable you know. 

Hello BP community, I'm in CA and am looking into forming an LLC for a long term rental I have in CA, and planning to acquire more.It was recommended that I form it in Wyoming for the best protection and anonymity.