Quote from @Stephen Milhoan Jr: An LLC is useful for two things: anonymity and legal protection.

Quote from @Edgar Williams Jr: Is it Smart to use a land trust, for each individual property. and then have the LLC as the trustee/personal representative of all the trusts. then put myself as the beneficiary of the trust If you are looking for anonymity then yes.

Also people will separate all their assets and self manage the properties, which is the easiest form of piercing any corporate protections because you as the manager will be sued which is the one thing tied to all your assets… Oh and anonymity was the other issue.I plan to build and grow much bigger, so I’m just researching and asking questions.

This structure was recommended for anonymity and asset protection purposes. 

I gathered all my notes in a 50+ pages document touching on formation and maintenance of LLC and business structures, transferring assets, protection strategies, trusts, anonymity, insurance, levels of protection, etc. including when you should do it, how many properties per LLC, due on sale clause, selecting an attorney, fees, checklists and resource materials + some diagrams to help you in decisional flow: https://www.biggerpockets.com/files/user/CosIorg/file/tritoriam-file.You still need to consult a specialist.

. - fiduciary vs functionary - NOD or foreclosure process - state by state(focused on area of desire) - mortgage(Judiciary) vs trustee sale(non-judiciary) states - capital gains vs cash flow - OPM, OPC, OPT, OPMii, OPE - can explain later  - entities and general asset protection including llc, llps et al to include land                   trusts(anonymity tool - no real protection, but great function)  - creating, buying, selling and trading notes to include discounts and partials  - mobile homes and everything around them - financing, parks, history and    opportunity - cash flow monsters - tying up land for monster plays - still learning this, but I share everything I know as     time allowsGlad to share more as you are interested.Regards, Coach - Mark Collard

banks wont lend to an llc. keep that in mind.i was wondering if its ok to use an llc just for being anonymous. 

This is a good plan if you have multiple properties because you can have liability protection by compartmentalizing each property under a child.Additionally, you can also have anonymity by having a nominee trustee under each land trust.

Ultimately, we would preferably like to work with an attorney and CPA that understands real estate investing, how to properly set up business entities, draft operating agreements, maintain anonymity, setup a living trust, and has knowledge of how to save money on taxes through depreciation, etc.I don’t know if this is far-fetched, but if there is an attorney/tax team in Southwest Michigan or Michigan in general that anyone can help point us in the right direction that would be greatly appreciated!

If you decide to proceed with implementing asset protection, you should have an asset holding entity (an LLC or better, since you are in Texas, a Series-LLC) (eventually with a land trust as a layer of anonymity) and an operations entity (an LLC that is the public facing entity that handles the repairs, hiring contractors, dealing with tenants and property management, etc.).3.