Your LLC should have income since the leases are in its name and should be receiving the rent, not you.Single member LLC's are considered "disregarded entities" by the Federal IRS. 

You can elect to have a single member LLC taxed as (1) a disregarded entity, (2) a C corporation, (3) an S corporation.  

A judge may completely disregard the offshore ownership and directly grab the asset that are in his jurisdiction ie the real estate.So, if you have a stock portfolio or own foreign real estate, by all means, if your threat model justify the cost of a foreign trust and its trustee, then use these offshore asset protection trusts.

It would seem that in a lawsuit, a good attorney could argue that if the loan is in your name, but the property is in the LLC, there is no legal separation between you or the LLC and therefore the LLC could be disregarded.

The FL LLC is disregarded, so for tax purposes, is it as if the WY LLC owns the property directly.

The reward should outweigh the risk, so if you're on a mountain top..... disregard :)

If you are the sole owner of the LLC, the IRS treats it as a "disregarded entity," and the income flows through to your personal return.Lastly, it will make sense to speak to a tax accountant or tax professional that can tailor advice specific to your situation and laws applicable in your area.Thanks for writing and feel free to reach out with any further questions/concerns.Regards.

the child would be a disregarded entity and thus "collapses" onto the parents partnership return. 

(You might get away with it because it shouldn’t have been a disregarded entity.)Good luck and let us know how it turns out m

An LLC wholly owned by a single person is disregarded for federal tax purposes, so as far as the IRS is concerned you took an asset out of one pocket and put it into your other pocket.