They then disregard the opinion of the attorney in favor of what their guru suggests or what they read others doing in other areas and ask for an investor friendly attorney..

@James McGovernTo tag onto @Cara Powers post...Remeber single member LLC’s are disregarded entities so they file like sole proprietor...For flipping, mainly the expenses go towards your cost basis.

Let's disregard your Business's value. 

Remember from a tax perspective a single-member LLC and revocable living trust are both disregarded entities. 

Since the AZ LLC are disregarded LLC strictly for holding the properties there would be no need to pay the CA 800.00 tax for the AZ LLCs.

Catherine Coy please disregard my previous request for review of Anthony Chara's 4 day boot camp, found it right here.

Our LLC was formed as a "disregarded entity" in the eyes of the IRS, with all income passing through to my wife and myself on our personal tax returns.

Personally I follow the tax code and consider a flip as a job and disregard as an investment all together. 

If I am the only one than disregard my comments but would love to see this go back to being about the data and news side of the real estate and less about deal specifics or strategies.

If you don't have a strong idea of what is typical in the area, get with a local multifamily broker or another multifamily investor who can help you spot irregularities (irregularities can point to either opportunity or be a sign of caution depending on what they are).Disregard any proformas and projections provided by listing brokers.