Also, note that if the liens have been released, usually that's a matter of public record, if someone chooses to go searching for that information. 

Screening, applications, credit/background checks, rent payment collections, and maintenance records can be handled with a few clicks.Thank you @Wale Lawal for always providing some healthy discussions & insight.Have a great weekend!

Credit reference agencies record this information and companies may use it to assess any future loan/credit applications you might make.

You would have ongoing filing requirements with the State and would need to keep business records and documentation.

Because I run a business and Uncle Sam is up my tail-pipe with a microscpe BUT also because the state and commerce dept/ require great records to assure our client's are being fairly treated and legally served.

The owner is out of town and he got burned by the third party (they took off with rent, records, etc.) he tried using as management.

Keeping detailed records of your time spent on property management tasks is crucial for documenting your eligibility for REPS.

The Land Trust would be very useful for both transferring properties into the Series LLC because it is excluded from the Due on Sale Clause AND it can also be used to remove the investors name from public record and provide anonymity for your ownership of the property.

@Brandon West, This is by no means legal advice - but my lawyer in AZ who helped me setup my LLC for my rental property told me to just reissue the title w/ the county recorder in the name of the LLC, update Title Insurance to reflect the LLC, and not notify the lender.

To me that would be simpler and also eliminate any additional expense to generate and record any additional documents.