I've read everywhere that they do not.Can someone explain which one is the correct choice and if any extra taxes are involved if they need to be on the LLC?

Good catch.But the main page refers to yesterday’s ruling.  

@Paola AstridRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Hey Jerryll,Apologies as well, to clarify my post, the property is currently still with the owner (off-market) and I reference the information on the MLS since it is the information that's currently available to the public, so just providing a frame of reference to support the info in my post.

Refer to the frequently asked questions on the third slide. https://www.hud.gov/sites/dfiles/SFH/documents/MO_203k_Progr...

@Jay Hinrichs has posted on that in the past.Many people like to try and hide their identity because of the spotlight effect which refers to how people often overestimate how much others notice (or care about) them, effectively inflating their own importance in society. 

But for an OOS investor one consideration is access to support, first of all PM & contractors, and you have more choices in the much larger Milwaukee metro area than in a smaller submarket.

You’ve made a great choice diving into real estate investing—it can truly be life-changing.

@Roni Williams how is this different from a lot of agents that sell an investor a property and refer them to a PMC?

The REC and the opponents of wholesaling frequently use the term "equity stripping" when they refer to the practice as we know it.