In that case you are just going to cause animosity when none existed because the upstairs will resent the landlord being called.I am sure to screen properly and rent to grown-ups and personally I don’t desire involving myself in drama like other landlords, be they real or pretend.

They can always be taken against your rental income even if you don’t itemize  Depreciation isn’t a thing that you can do, it’s a thing you must do, or the IRS will just pretend you did anyway.

When outside of the norms of AZ, the courts may not rule in your favor.I'm not an attorney, don't even pretend to be one, but I listen to them frequently enough to stay on top of the changes.

By purchasing the LLC you purchased all shares in the LLC, i.e. you are the only officer and have 100% control of the LLC's operations.Assuming all of the above, there's virtually nothing stopping you from doing what you suggest other than the ability to get loans as mentioned above, i.e. you can't pretend the repayment of the LLC note doesn't exist and that the income to repay the note isn't generated by the properties.

Recently though, as I was looking at deals and going through the pretend number crunching, I found a deal that I couldn't pass up.

I won't pretend like I wasn't "comfortable" because it's subjective. 

Even if they pretend to close their eyes or do whatever type of meditation,  what good does it do if they are not into it? 

I wanted to pretend it didn't matter because everything else was solvable.  

@John Lopes I don't pretend to know the professional courtesy expected between real estate agents.

At the end of the job the accountant tells owner they need a w9, I will give you w9 but you don’t get to get $800 back when I reduced the price of the job by $800 to a $1000 don’t pretend you don’t know your having someone do a side job for a reduced price.