1,2) Every book says that a LLC (filing as partnership) is a disregarded entity for tax purpose.

Though you may ultimately not want the headache, make the seller absolutely clearly aware of your leverage.I would completely disregard the tenant and PM if I were you.

We are always working a see-saw balance to tip between personal income and self employment tax to see what will save us money over all.I'm not sure how you're returns are being filed now, and I can't speak for Texas but in Oklahoma a single member LLC can be considered a disregarded entity, the same as a sole proprietorship.  

If it is (SM-LLC), it is a disregarded entity anyway, so it doesn't do much for you.

However I would disregard the fact that they are a long-term tenant and I would put in the pay or quit as soon as possible. are you currently managing the property yourself or do you have a property management company in place?

Please disregard.

Hello all,Upon research I have stumbled across a thing called a disregarded entity.

So you do want to be careful with disregarded entity status.I think your attorney was probably right on the money with their advice to open and identical FL LLC and then apply the EIN to that.

So you can't disregard one strategy but you can make your focus one if you like.  

This is double the average cap that we've been seeing, with a really good CoC return and it checks off the boxes for the 1% rule and 50% rule with cash to spare.We plan on creating a WY holding LLC as partnership for anonymity, and each property having its own LLC as a disregarded entity for tax purposes.Should we plan for anything else or just hope like hell we get accepted?