I recommend you call anonymously, if possible.

The operating company takes on all of the liability that would otherwise blow back on you including: paying property management, paying contractors, collecting rent, marketing, etc.5th pillar is owning everything anonymously.

I disagree a lot with his anonymity part of his perspectives, but I think may be licensed in CA, and works a lot with liability avoidance.

You also don't explain why your lawyer advised you to make a California LLC instead of a foreign entity registered to do business in California under an Anonymous LLC?

Our special guest this month is a CPA that's very familiar with note investing, so he can definitely answer your tax questions better than me since I'm not an accountant.You can find out more info about the call here: https://www.biggerpockets.com/forums/521/topics/43...But to give you the short answer, I personally think the LLC looks more professional to the borrower and gives you anonymity.

An LLC is useful for two things: anonymity and legal protection.

But you want to talk to actual customers and not just anonymous john does on a web site. 

Anonymity is great, but it only does so much.I am not an attorney. 

For residential SF, duplexes, triplexes, or quads, this is my (non-lawyer) experiencePros for in your name:  1) Easier  2) Access to better financing  3) You don't have to worry about due-on-sale clauseCons for in your name: 1) Extra liability exposure if any claim exceeds your insurance liability coverage 2) Lots of phone calls from people trying to buy your rent property 3) Lots of phone calls from people trying to buy your rent propertyPros for in an LLC 1) Theoretically unlimited liability protection from the property in the LLC if it is manage correctly 2) Greater potential for anonymity if you are willing to incorporate in certain states and pay for Resident Agents 3) It feels cool to have a companyCons for an LLC 1) 50% of people don't do it right so they really have zero LLC protection  2) It costs more, both in terms of financing and annual fees (if you do it right)  3) LLCs provides your asset no protection against something YOU might do (like crash a car) while umbrella insurance can provide protection for you from your property and for your property from things you might do.

Land trusts and trusts are new to me, and i have heard the anonymity is solid, since the record of your name only resides in an attorneys computer.