I can roll the dice and see what happens with the Dept of Environmental Health, but plan to call and ask what would happen anonymously, first.

To them, you're "the rich landlord" (yet another argument for using a management company and remaining anonymous to your tenants).

This would be a costly structure but would protect me from both inside and outside liability while creating anonymity.

A big reason I have property ( a few multi-families) in an LLC is anonymity.  

I must admit I am a bit pensive about networking through this forum (I am a frequenter of forums, but typically remain pretty anonymous) but I'm going to give it a shot as the podcast interviews seem to be pretty open and legit.

The operating company takes on all of the liability that would otherwise blow back on you including: paying property management, paying contractors, collecting rent, marketing, etc.5th pillar is owning everything anonymously.

They may also need to be registered in the state to collect rent.You can keep the anonymity of these LLC through your NV (or cheaper WY) holding LLC that is anonymous and will be the only listed member on the different state registries.I don't see the benefit of adding your ABC LLC layer.However, I would create a C corp (or an LLC taxed as C corp) as an operating entity to manage the whole structure.

It's anonymous, so you can post numbers- net worth, debt, etc.Re: physician loans- COVID has made lending criteria stricter.

Also, I was trying to get 80% LTV on this deal (because it supports it) and the local guys have been pushing down their LTVs for this market.I think that the biggest anxiety most people have is the whole liability, asset protection, and anonymity thing.

Anonymous is a fallacy.