@Mike DawsonBOI needs to know the owner of the entity so yes it’s you who has to file and provide your id if you own the LLCThe common misconception with Wyoming LLC’s is people think they are hidden it if you do real estate most forget that if you sell a property or get a loan, that document is recorded and your name is all over it - so it’s super simple to find out who owns it.

Most people skimp on thinking about this and that's what ends up hurting them when it comes to renting them out.

Hi BP people!

How many people have you heard this from?

I actually felt like Jim Jones or David Koresh would pop out and recruit people for Waco/ Mt Carmel or Jamestown. 

People aren't stuck in analysis.

Certain states do not allow your primary to be foreclosed upon for other judgments (for example I believe florida is one of those states) - they can still get a judgement against you for the delta though.But yes this is a concern that every person should realize, which is also why you see many of us here on BP telling people to make sure they have adequate down payment and reserves before they get into something they have never done before.

Keep in mind that many people are expecting rates to go down in the next couple years.  

Don't worry about 'rules' as they are guidelines some people use to get a quick idea if the property works. 

I was hoping by posting this that people would have some out of the box solutions besides stating the obvious.