You basically lose the protection the courts would offer because they will see right through the transaction.4) Depending on exactly how you structure things will depend on if you need to file a separate tax filing for the LLC, or if it can be a disregarded entity and claimed on your personal tax filing. 

Ability to take an applicant to court and collect a settlement is as important as a applicants ability to pay rent.

Initials: _______b.Tenant agrees to pay for clearing the sewer drains of the Premises of any and all stoppages, except for those stoppages which the Landlord will agree were caused by defective plumbing, tree roots, acts of nature, or which are declared in writing to have been so caused by the plumber or other person who is called to clear the stoppage.

However without a will, there could be delays as the property may become part of the inventory and have to settled by the court.

Court appearance late October. 

Predatory stuff can cost you your mortgage, plus fines, court costs and attorney fees.

@Russell Brazil is correct regarding losing the Section 121 capital gain exclusion by transferring to an LLCI do not agree with the other post that most LLCs can be pieced - it is very difficult and expensive to prove, in court, that an entity is the "alter-ego" of the individual owner.  

California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

They asked us for the court date, the charge, etc... which obviously we didn’t have since we had no idea there was even a charge in the first place.

My experience when I got started was looking to Listsource, where I wish I began going through the court records to understand specialty leads and maximizing my marketing dollar.