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. 

Quote from @Brynn Walden: Hi,I will be completing multiple 1031 exchanges over the next 24 mths ( starting in June of 2024 ) and I am primarily interested in passive real estate investments as I am easing into retirement.I have a 30 plus year history of active real estate investing and management.Does anyone have recommendations for sponsors/syndicators/financial advisors that are reputable and have verifiable track records?

If you can demonstrate a track record of executing on the business plan you set forth, the banks will continue to lend you money and as they become more comfortable with you, your loan originations will out pace your balance sheet.

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.