If I would not live in the neighborhood, or would not walk down the street at night with out a concealed weapon, I have no business owning it.

If the bank "flips out" if they see a loan at the last minute, that tells me you are deliberately concealing the fact that you are using another loan.

I've had single mothers with older daughters move in one of their daughter's boyfriends because their daughter got impregnated.They all conceal their pregnancies and when the deed is done, display their brats and look at you and ask if you could be so heartless as to evict a little baby and a father, if you're a monster of a landlord breaking up a new family.

We've never made an effort to conceal such arrangements, but have not gone out of our way to bring them to our lender as they we believed them to be immaterial to the property purchase itself.

I agree with Ryan.I hate those concealed hinges.

If your cabinets go to the ceiling and you have long bank of them, the lack of square can be concealed with trim, etc.

Sometimes they're just used to conceal identity, so I'm not sure how often they're being used in conjunction with an LLC, but lawyers are out there pitching the use of land trusts, or trust+LLC.Also note that as a new landlord, when the bank underwrites your conventional loan you will not be given credit for the rental income of the new property.

But if you are thinking of clever ways of concealing your true intentions, make no mistake about it: you're lying.People are going to make major life decisions on the basis of having "sold" their house.  

What, if any, experience do you have in finding any attempts made by the seller to conceal defects with the property? 

This might be done to circumvent resell seasoning requirements, or to conceal the purchase price in the public records.You have alot of equity in the first LLC (perhaps $200k+) and are creating a new LLC to spread out risk and better protect your net worth.One of the properties has high lawsuit risk for one reason or another and you want to isolate it.You want to make it difficult for someone (trial lawyer, your competition, etc.) to track your collective holdings.