I don't see how that level of disrespect and disregard to a community as a whole works in anyone's favor...

I understand that me and my wife can both be on our Texas LLC, and we can still file as a Single Member LLC so that we have a disregarded entity from a tax perspective, but we still have the liability protection.

Depending on how the Canadian investors are procured, usually Canadian securities laws specifically are disregarded because if you review NAASA, there is cooperation between the US and Canada. 

Currently makes no sense to me but maybe there are actually approaches to disregard the figures from line 18 of Schedule E for calculating income for purposes of DTI.

You'd be surprised at the amount of change people disregard.

I was just talking to my CPA regarding LLC formation, as I live in California and my CPA is telling me after research but not actual direct experience he believes that:1) if I live in California any non-CA LLC(with or without a partner) that I directly own I have to pay the CA FTB $800 - I knew this information 2) and any LLC that my non-CA LLC owns even if the child non-CA LLC is a disregarded entity I also need to pay the yearly CA FTB $800 fee.The structure we were considering is this:A) A holding company outside of CA (but registered to do business in CA) - a WY or NV B) other non-CA LLCs but all these other non-CA LLC are owned by the holding company.Anyone in California who has this structure that is paying all the CA LLC FTB $800 fee for (B) non-directly owned non-CA LLC ?

The attorney and the Court will take into account a variety of factors to establish if you have a functioning entity or if the entity should be disregarded.

The NJ LLC would be a disregarded entity, so the tax implications are beyond my wheelhouse, but otherwise, you should be good to go.

However, doing one assignment and getting caught at it will most likely be a fine and probably barred from ever holding any state professional license, jail is likely reserved for those repeat offenders who might do 10 or 20 deals and get caught, showing a total disregard for the licensing laws while conducting business.Wholesaling can be done ethically and legally, it's not when all you're doing is assigning a sale contract. 

When I apply for this online with the IRS is it possible in Ohio to set it up as a disregarded entity so I don't have to file a separate return for the rental biz?