While I am not disregarding his suggestion due to his extensive REI experience and familiarization with the North Carolina market, I do believe Mr.

I even had a bank tell me recently that they prefer (and can give better terms) to deal with an LLC because they don't have the same regulatory compliance issues as when dealing with an individual.The interest deduction for taxes is not threatened when transferring property to an LLC, as the LLC is essentially disregarded for tax purposes, and the LLC's financial results typically just flow onto your personal return.

If you plan to only engage as a landlord I recommend keeping the LLC taxed as a disregarded entity.

Picking one quote out of the air and disregarding the rest...is...well..an "interesting" strategic decision...Too many people hear "10X your goal!"

If not I just disregard.   

They can’t disregard it based on where the tenant found them- such as online.  

In that kind of structure, you will have the property LLC as single member disregarded entity for tax purpose, fully owned by the holding LLC that will be the one entity collecting all the tax reporting duty from all the property LLCs.

I say "theoretical" because there ARE things you can do (without knowing you're doing them) that will legally allow the court to disregard your corporate status and go after personal assets.  

thanks for the input, much appreciated. i will talk to the contractor, but my goal is to cut the bottom plate off, install a new one, then run studs from the new bottom plate to the top plate next to the existing (some rotten) studs. all PT materials will be used since that's not much extra cost. i subscribe to Mike Holmes suggestion "do it right the first time". i just dont like his disregard to cost during the repairs. :)

Although I know I wouldn't do it, I'm pretty sure I'd act offended if they disregarded my offer lol.Thanks again for the advice!