This is terrible advice, because running personal expenses through the LLC is precisely the kind of conduct that courts look for when deciding whether to disregard the LLC - which, normally speaking, is a very unusual thing to do.)The reason that professional investors put each deal into a separate LLC is because they not only want to protect their personal assets that are outside the LLC, but they want to protect their different properties FROM EACH OTHER.If most of your wealth is tied up in properties, and the properties are all under the same LLC, you might as well not have an LLC.  

So you basically just disregarded the bulk of the opinions you got from experienced investors......?

And I have a funny feeling that is the actual main issue and source for so much anger, being disregarded and not of importance.

It was actually a property that a realtor emailed me when it came on the market and I disregarded it because it was overpriced.  

@Michael Ealy Injjst saw this response, my apologies, feel free to disregard my original question.

I get it and they may be right but, that doesn't mean you then get to disregard that deduction and count it as income on the lending side.

So, on your tax return it nets out to $0.LLC as disregarded entities for taxes, unless you elect to be taxed differently.

Sale of the property to a single member LLC would be disregarded without the LLC electing S or C corporation tax status.Now you would have rental trapped in a corporation, is that acceptable?

Regarding transferring your personal residence to an LLC - if it is a single member LLC, it will be considered a disregarded entity by the IRS, thus, it will still qualify for the capital gains exclusion (see 26 CFR 1.121-1(c)(3)(ii)).

hhhmmmm...by my rough calculations and disregarding any expenses of closing etc, did Investor 1 realize that his better deal would have been to stay with Investor 2?