Disregarding the obvious signs (the way they dress; inappropriate tattoos; inappropriate piercings; oversize pants; etc) is just an invitation to trouble.

@Charles Chang  LLC is a disregarded entity for tax purposes. 

If the new property is more expensive then the bank transfers the remainder of the loan to you or in many cases depending on state transfer tax issues etc we will simply sell the LLC that owns the property to you rather than the property since the LLC, being a single entity single asset LLC, is a disregarded entity for tax purposes.Think of a 1031 exchange as always sell followed by buy.

As @Jonathan Plant said - by default - you are a disregarded entity if it is single member and taxed as a partnership if it has more than one member.

An SMLLC is a disregarded entity for federal tax purposes.As for whether the LLC is a bad thing, it depends on your state.

IRS allow you to treat LLCs as a "disregarded entity" So you can file them on your schedule e on your personal return, so there is no additional compliance cost.  

Regardless of the case, an LLC is a DISREGARDED entity as far as the IRS goes. 

An LLC with only one member (you) is disregarded for federal tax purposes. 

Cameron Chesney,That would depend upon if you elected to have the business treated as a corporation or just allowed it to stay as a disregarded entity.If you did elect for corporate treatment, you will have to worry about estimated payments, withholding returns and so on.As you start to complete deals that will be different.

You can use a parent LLC that is disregarded.