In order for them to come to such a hasty conclusion, they have to completely disregard risk. 

Plus, when you're in the lower grade areas, they get double the ground to rob you since you don't know any better and it isn't like you can personally inspect the unit.Let's not forget the judgment proof wrecking ball tenants that completely disregard no pet rules and jam in more people than the unit is suitable for without getting them on the lease.This all goes to say that it is best to use extraordinary diligence in buying the property beyond the fact that it is just a low price deal.

Disregard the self management advise.

A single-member LLC is considered a disregarded entity, while a multi-member LLC is usually treated as a partnership for tax purposes.

I filled out form SS-4, nominating myself as a ‘Foreign-Owned US-disregarded entity Form 5472’.

@Devante Scholfield assuming you operated as a sole proprietor or through a disregarded entity for tax purposes (e.g. 

For IRS, single member LLC is a disregarded entity and multi-member LLC is a partnership.

.: @Mike S.So, this is where I am not sure how this really avoids the CA franchise taxMy understanding is that the trust is totally disregarded for tax purposes and tax liabilities are on the beneficiary.Your local out of CA properties are owned by separate local LLCs and all these local LLCs are owned by the WY LLC.

I don’t know how that would be useful, but it doesn’t matter, because it isn’t true. 99% of all LLC’s are disregarded entities and are recorded on your taxes the same as if you didn’t have an llc.

If it is a two member partnership, and one partner assumes all of the ownership, the LLC would continue to operate a disregarded entity.