I'm not saying it's good -- I'm just saying it's true. 

Or you can go the tried and true method and just rent long-term obviously.

Is that true? 

You can read plenty of horror stories on this very site from those who learned the hard way just how true this is.

However, in either case much like you don't get an LLC to drive down the street I am not sure it is a necessity.This is even more true because if you do the LLC wrong it is not useful because someone could easily pierce the corporate veil.

There is also the tries and true methods of networking, letting lawyers, real estate agents, contractors, pool service companies, landscapers that you are looking for people with properties that are facing difficulties. 

Is what my bank telling me true or is there something else we are not thinking of?

True, thank you for your reply, i have had my sights on single family in palmdale / lancaster california area.  

Their true intentions come out eventually.Be sure to read through the rules of the forums here.

@Dante PirouzThat is not true.