In Hoboken, we fetch just as high, if not higher rent for units in a small/old buildings (with updates inside) - because you're paying for privacy. 

Hi, I just googled my name after joining BP and my name showed up with a link to the profile. I am just concerned if it would show upw

Privacy is non issue, b/c they can find you if someone really wants to, unless your LLC is under WY or AZ something like that. 

Asset protection is one thing; privacy is another.

Not sure why,  but probably they desire the privacy and if they are going to the trouble of trying to scam an owner they might as well do it with a house instead of an apartment,  and finally its more likely to find an inexperienced LL to take advantage of in that space I think.   

I fully understand the privacy issue, I knew it was far fetched@Sarah Kensinger I have been on AirDNA also as a paid memberships and seen all the YouTube gurus. 

That's why now I'm looking at only 1 property on a lot with at least 3 rooms so that we can indeed get a roommate situation (don't mind giving up some privacy now to get going in the long run).

The other rub in a situation like this is to out someone by sharing info that is protected by a privacy agreement.

And yet the neighborhood around it is going up, so we can capitalize on either a complete remodel or making it a tear down in the future.Its not so much about comparing what we like to do vs a long term buy and hold, but rather we have a long term buy and hold with multiple outs.So for instance (a real example), we bought a 3 bedroom with a weird configuration, some odd things like 7 inches between the lower and upper cabinets in a transitional neighborhood right near downtown.Purchase price was $180K, 2,700Sqft, the house most recently had rented for 1,300/M.......Although it was configured as a SFH, the property is zoned MF.We put in about 30K to turn a loft into a bedroom, added a couple of closets, closed up a door, painted, put in some flooring,  redid the privacy fence,  etc etc. 

I've read that LLC incorporated in DE and NV can be more beneficial for tax and privacy reasons, but admittedly am just beginning to learn about our options.Thanks!