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.

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? 

@Shantal Lawrence I don't know whether CT is a caveat emptor state or not and that will be relevant.My guess is that if you can show that the seller took active steps to conceal a material defect, you may have ammunition for a lawsuit.  

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.

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

I agree with Ryan.I hate those concealed hinges.

These listings may also be great contenders to rehab projects if the seller is concealing unsavory information. 

Do you think it would be in my best interest to get a concealed carry when having to deal with tenants?

My handyman stopped by a couple of times for repairs and gave me updates on what he saw; however, with me needing to notify the tenants before being able to enter the house the tenants were able to conceal what I suspected but couldn't find any hard core proof.