It will have to be a pass through/disregarded LLC to keep the tax payer the same and the 1031 valid.

The Exchange Accommodation Titleholder ("EAT"), often a sister company to the qualified intermediary, will form a single-member limited liability company and disregarded entity or ("SMLLC") to serve as the lessee.

If entities are disregarded, you can keep up with more than 1 in a single QBO account using the location/business feature to keep track of them separately.

A single member LLC is by definition a disregarded entity by the IRS.

They are not.I recommend you pursue the best tenant for your properties and disregard how they pay your rent.

I’m thinking it’s wishful thinking to think being a BP Pro now gives me a MONTHLY credit but who knows 🤷‍♂️ either way now I do want to dive into it further  Sorry I see my question answered above disregard 

However, it increases costs and administrative work, like filing fees and bookkeeping.Tax-wise, LLCs are pass-through entities or disregarded entities, so profits and losses flow to your personal return, but managing multiple LLCs complicates filings.

To @Dmitriy Fomichenko and everyone please disregard/ignore what I wrote above;  I was tired and got two different things confused.  

Totally disregard anything told to you by anyone wanting to sell you a course, mentorship, workshop, system, etc.  

When a child LLC (disregarded entity) is used to hold each property, and all of the tax reporting is done on the tax return of the parent entity, does each  individual child LLC need to file the BOI Report, or only the parent LLC?