Low investment, high returns, captive group of low income people who can't afford to move their homes so will do just about anything to keep a roof over their families' heads, few governmental regulations to protect tenants of parks, general stereotypical disregard for the people who live in parks (you know, trailer trash, etc. that continues to be perpetrated), low maintenance on the part of the owners since most homes are owned by the tenants, the ability to hire a low paid on-site maintenance person to assume 24 hour responsibility for the park...doesn't seem to be a downside, does there?  

As in how can you use that income as leverage in the future if a lender disregards it? 

Here is the basic breakdown and it's not comprehensive: Overview: When the owner of a disregarded SMLLC, Sole, or a spousal partnership ( each partner is a parent of the child) hires a child, the wages 1) will be exempt from FICA taxes if the child is under 18 and 2) exempt from FUTA tax if the child is under 21.Detail: 1) As the standard deduction has doubled in the last couple of years, you can pay our childern around 12000 plus 6000 (IRA contribution limit) = 20k and this would be a deduction for your business and nontaxable to your child if done correctly. 

If someone who's new to the industry and can't provide any, we wouldn't disregard them right away because I understand everybody has to start somewhere.

The LLC will need to maintain adequate books and records of transactions to track any payments or transfers of money, property or other reportable transactions between the disregarded entity and its sole member, whether such transactions are direct or indirect.Required to obtain an Employer Identification Number (EIN, or federal tax number).

While an LLC with your wife is technically a multi member LLC, if you file jointly for your taxes, it will probably be seen as disregarded by the IRS and a judge may decide that charging order won't apply.My setup is as follow:The base is my living trust.

It may be advised to work with a CA based CPA or atleast one that is familiar with CA State tax laws.Land trusts for the most part are easy from a tax perspective as they will be treated as disregarded entities(if properly structured).Below are some tips to find a Local CPA that specializes in real estate1) Attend a Local REIA / Real Estate meetup and see who other investors are using as a CPA2) Network with other investors from your City/State that you find on bigger pockets and see who they use as a CPA3) Look for CPA's with good google/yelp reviews where 'real estate' is mentioned in the review.You should only look for an out-of-state CPA after you take the above steps.

Personally, I disregard tax advantages from owning since tax laws can always changes.Third, decide accordingly.

I know they consider such LLC's where if the trust have grantor/beneficiaries as husband/wife then it is considered as disregarded entity.

On your federal tax returns, the LLC is disregarded and the rental income/expenses are reported on Sch E of your personal return.