I now work for him as well, which I'm sure will make some skeptics disregard my words, but I will not endorse something I don't wholeheartedly believe in.If it matters, Brad has been a solo owner as well as syndicated thousands of units.  

Your STR operating company could be taxed as an S corp, while the entity holding your property could be disregarded or a partnership.Check with your accountant AND attorney what would be the best structure that will provide asset protection and tax optimization.I would suggest you watch this video from Clint Coons about short term rentals structure that can educate you on the subject.

The cost of moving her was 50% less than evicting since we had one unit ready it seemed like a win win at this time.Now the other tenant - she was just lazy and disregarded the opportunity to cure.

WY: anonymity and the charging order are the sole remedy (ie better asset protection statute)Not only this holding is providing these two benefits to all the sub LLC but also, it is the only one filing the tax return as all the sub LLC are disregarded for tax purpose.

If the LLC is not registered in the State and is doing business in the State, there is a risk of fines and, if a lawsuit is initiated against the LLC, the LLC could be disregarded based on the failure to register in the State. 

Don't pierce the corporate Veil: This can occur if the entity either is poorly capitalized.Inadequate Initial funding of the entityor fails to maintain a separate identity from its owners ( using the business bank account for business purchases, maintaining separate books)Conversion of entities Assets for Personal Benefit:Another factor that poses a risk of piercing the corporate veil is the draining of entities assets (such as payments of large salaries to shareholder-employees) that leaves the entity with inadequate resources to pay its debts.Do not commingle personal and LLC assets.Maintain a separate LLC bank account.Execute an operating agreement.Follow the provisions of an operating agreement.Have LLC member meetings according to the operating agreement.Title property in the name of the LLC.Maintain insurance on LLC property in the LLC's name.Sign all LLC documents in the LLC's name, not the members' names.Although Single member LLC are more prone to failing the separation test, these steps will also provide a better defense against other creditors attempting to prove to pierce the LLC veil.SMLLC does not file its own tax return, meaning it is disregarded for the tax purpose, so you will still report the rental activity at Schedule C of 1040. 

Anyway, I would setup a simple LLC as disregarded entity so it will flow through to your own tax returns and later when you get more income you can convert it to a S-corp for tax purposes (pay less self employment tax, etc).  

In regards to why I disregard COC besides as I said you could take all your cash out for infinite COC.

**Disclaimer** If you are already in an agency agreement with a real estate agent then this is not a solicitation of business, everything I have said should be disregarded, and I would advise you to consult your real estate agent.

Once the loss carryover is absorbed, you can remove the rental listing from your Schedule E.If your LLC is disregarded, then there is no change, since you report the rentals on your Schedule E anyway.