Land trusts aren't really for protection, but anonymity and then the LLC provides the protection (to some degree, depending on what happens).

If you are going to take on the extra work required by an LLC, make sure you have a valid reason to do so.An LLC is useful for two things: anonymity and legal protection.

A competitor would have to take transaction fees (as Paperstac is doing today), but could also find revenue streams in aggregating and selling anonymized market data to institutional investors or researchers.

I’ve watched a few videos on this and it sounds like, if done right by an attorney, you can still keep anonymity.  

They do not provide asset protection or anonymity. 

@Jeffrey Zhou What you are describing is that DBI receives an anonymous complaint and sends an inspector who subsequently issues you a Notice of Violation (NOV) requiring you to abate work done without the benefit of permits.So in that situation, if the work to legalize your unit is significant enough to create a habitability issue you may need to perform a just cause eviction (temporary only) that allows you to displace the renter in order to perform the capital improvement work. 

Quote from @Kevin Leslie: An LLC is useful for two things: anonymity and legal protection.

You can track individual funds using your spreadsheet or software.An LLC is useful for two things: anonymity and legal protection.

Just a note for you since I was just talking to a client about this: if you live in a high-income state or have privacy concerns and are living the digital nomad lifestyle, south Dakota has an interesting residency status program that can potentially save you guys 10s of thousands on income tax and have great anonymity. 

There are ways to keep your 1031 exchange anonymous.