The sheer complexity of this matter alone is enough to illustrate the problem, but this is just the tip of the iceberg.

I believe this is the type of Person BP should be courting for pod casts or whatever type of presentation your contemplating in the future to help guide your BP members that are starting out. 

There is a condominium complex that is fantastic for short term vacation rentals.

CA's Secretary of State forms list the name and address of either a manager or member, so unless you're hiring a third party to serve as manager of your LLC, anonymity is very hard to achieve once filing publicly in CA.As to the probate part, you're right that going through a court probate is a huge hassle, including being expensive and time consuming. 

Check the County court records.

Does the condo complex have rent to own percentage restrictions (they all do, you want to know what percentage is allowed and what percentage it is at now)?

The main one is running your business well.In my experience better than 80% of lawsuits are settled out of court. 

https://natlawreview.com/article/texas-federal-court-issues-nationwide-injunction-against-enforcement-corporate“We note this is a preliminary injunction, and we urge reporting companies to pay attention for additional updates and proceedings in this and other cases which could modify or change this order.”

If the tenant has low net worth, a court judgment is practically worthless.Taking a week to vet a tenant can save months of headache.

For example, if you have no experience in land development - that is extremely complex and risky compared to owning NNN rentals.