From tax point of view it is disregarded entity or something ...Tax adviser was very clear there would be no gain or loss, no need to recapture past depreciation.

If your single member LLC has elected "disregarded entity" tax treatment, then put the rental income and expenses for each property on Schedule E (separate entries, do not consolidate to one entry), just as you would if the LLC did not exist.  

If getting a loan the lender would have to sign off on the corporate structure while under contract on the property you want to purchase.You can set disregarded entities for tax purposes for each property.How you set things up will be based on your particular situation.

yes, you can treat a single member LLC as a "disregarded entity" for federal income tax purposes goes on schedule c if business, or schedule E if a rental property.  

Having a business name and cards is an asset for some.In the realm of asset protection llcs can be helpful because a lawsuit will only create liability for assets inside the llc, not outside.An llc will provide no tax advantage because it is a disregarded entity to the irs unless you want to be treated as a corporation, which is an option.Depending on your state setting up an llc can be cheap or fairly expensive.

The income from the LLC will flow through onto my schedule C of my own tax return (apparently known as a disregarded entity).  

It is absolutely true that a Land Trust of which the original individual borrower, through his wholly and solely owned LLC, is the sole beneficiary can be a “disregarded entity” for Tax purposes.

Disregard my advice and do what the Texan says.

So this woman disregards our letters and our calls for a year, doesn't show up for the court mandated mediation session, doesn't propose any sort of agreement, skips paying her first mortgage.. but is portrayed as an innocent victim.After all, we were just trying to reduce her payment by half and wipe years of arrears payments!

Jason,A single member LLC (SMLLC) is disregarded for tax purposes so there should be no difference in the income tax to you whether you do or don't contribute the property.