This holding LLC will file annual taxes and file K1's, get IRS EIN with partnership structure and open bank account.Change the other local State LLC's structure where the property Title is held into an IRS Disregarded Single Member LLC which is 100% owned by Holding LLC.

@Marquell Jones disregard if you've already done this, but if your plan is to sell within a few years, do a break-even calculation to make sure the refi is worthwhile.  

Simple enough.If your LLC is a single member LLC that does not file a tax return then for IRS purposes it is a disregarded entity.  

Still it is your money, not mine so feel free to disregard everything I say!

But if you disregard all that time+money invested, then yes, being a doctor will statistically give you the highest pay on average. 

I'm in the process of forming a single member LLC to do this and am struggling with finding non-contradictory advice as far as what election to choose (disregarded, s-corp, or c-corp).

My general rule of thumb (and obviously I'm focused on "what will screw with you getting a mortgage," so if that's not you, feel free to disregard) is that if your taxes are simple enough to use 1040ez, you're salaried W2, and you're taking the standard deduction rather than itemizing, go for it with the software. 

LLC's are considered "disregarded" entities and as such all taxation is on a "flow through" basis....meaning the IRS treats the assets in the LLC as if you owned them personally for tax purposes.

They required 2 DE LLC's: LLC#1 my husband and I are 50/50 partners and LLC#1 is sole member of LLC#2 which will be the borrower for the loan and it is a disregarded entity.Since the expense has been incurred and we are set with another lender, and since LLC#2 is registered to do business in the states where the rentals are located we would like to use the setup.To date I am a Real Estate Professional, this is what I do full time and my husband holds a job.I believe that there will be no issue taking the loan to LLC#2, changing the deeds when the loan closes from us to the LLC and that income/loss will pass through to LLC#1.I believe that since LLC#1 is a partnership that again we still will continue to report income/loss to our personal return and I can continue to be considered a Real Estate Professional. 

In these cases, everyone saw them but disregarded them.