I disregarded conventional wisdom that it is riskier to inherit a tenant that someone else chose.

A more "advanced" technique of using the S Corp for tax income benefits applies when you aren't dealing with passive income, i.e. rental income.Consult the professionals, but just leave it as the default in which case you will be a disregarded entity (for Federal purposes) if a single member or just taxed like a partnership if multi-member.Lastly, long term investing with a legal entity provides no tax advantage unless you are investing with a non-spousal partner, and even then you normally don't need to or want to elect another tax status.Good luck.

Lots of ink (sic) has been spilled on this subject, and he is missing/disregarding significant information in his analysis. 

Also, my accountant advises me that with single-member LLCs judges have been ignoring LLC protection occasionally anyway ("If the IRS treats it as a 'disregarded entity', the court will too").I think LLCs make more sense when you have partners (other members).

If you form a one-member LLC, you must obtain an EIN for it only if you elect to have it taxed as a corporation instead of a sole proprietorship (disregarded entity).

If these exit models are much harder to pursue due to the fact that the subject property being a mobile, then perhaps it IS better to disregard these leads.

If the LLC is not disregarded for tax purposes a tax return will have to be filed for each LLC.

I know that some investors operate with blinders on, they either don't see or understand the effects of what they do, or they do realize it and choose not to consider these aspects as they are only in the business for their own benefit, disregarding responsibilities or social expectations in order to profit.

(Single member LLC's are disregarded int he USA for tax so give you the most flexibility whilst still providing asset protection.) 

They were very unhappy, indicated I was heartless to suggest remedies that would likely displace the son and leave him with no place to stay, never mind their own disregard for the lease agreement they signed.