Total cost is around $5,000.NCH offered the following idea: Revocable Living Trust which owns a WY LLC for Property Management (S Election), another WY LLC for stock trading, and another WY LLC Disregarded (that holds the assets).

Yes those houses are still losing money, but having the additional properties certainly helps me keep them which I will until they have actually made me money (disregarding opportunity costs) even I have to keep them for 30 years.

@Jason K Green - Please disregard my message.  

It is considered to be a disregarded entity and all activity is reported on the Schedule E of his personal tax return. 

Disregard the comment I made of the new comers section.

What I see in everyday situations with myself is that people take issue with irrelevant things and disregard important ones and easy improvements which infuriates me to no end.

disregard the "I PUT"Still figuring out the mobile app

For taxation, you can choose to have the LLC considered a disregarded entity (like a transparent layer, everything flows to your tax return) or have it taxed as an S-corp (but for rentals is not good to own them in S-corp or C-corp).Insurance is needed, if not downright required, for your properties.

Guess I missed that day of ethics class...But seriously, this is a true disregard of every fiduciary responsibility carried by a licensee. 

^ Please disregard - I thought I started a new convo instead of posting under someone else's (still need to get used to BP mobile app)