@Jimmie LloydOkay Mike disregard the last question you answered it already Thank you in advance

We immediately disregarded people who wanted to see the property because we were getting written no contingency cash offers. 

It’s disregarded for tax purpose. 

You will report rental activities in your personal return 1040, schedule E. 2) SMLLCs are disregarded for tax purpose, thus name on the mortgages or 1099s doesn't mean anything for SMLLC. 

This is called tax territoriality and it determines whether you need a blocker entity taxwise.An LLC can be set up a fiscally opaque entity (causing double taxation through profits and then dividends) or a fiscally disregarded entity in which case it is there for liability protection.Having an LLC gives rise to some declarative obligations for non-residents like f5472 so you need a CPA who knows his non-residents.To give further pointers, we would need to know which country you are from and what type of business you consider.

LOL @Scott Morongell I really appreciate the endorsement, however I wasn't implying that folks should disregard everyone else and just invest with me. 

If so, it will be the parent company filing the return, since the subsidiary is a disregarded entity.

Using LLC (partnership or disregarded entity) is usually tax neutral. in fact they don't pay tax at all, their members do. 

However, one of the flaws of the MMM article and the math laid out in the previous paragraph is the disregard for taxes.

Kinda blew my mind I wasn’t doing this already.Unless you create an LLC as a corporation, it won't make any tax difference.Your LLC is disregarded entity for tax purposes, if it's single member and if it's partnership - K1 schedule is still pretty much won't get you anything.If you pay yourself a salary and create C Corp, then you really have to count benefits: there is break even point before which you'll lose money.I'd discuss it with your CPA before you open an LLC.It not that expensive in Ohio ($99 to open, no maintenance payments) but it won't protect your assets....as it was stated before, in case of litigation, you'll have to show your personal tax return, where all your LLCs living :))Partnerships in K1's, rentals in sch.E, managing in sch.C etc.