Am I on the right track?

My LLC will be a Washingtons State LLC, so I'll contact their Secty of State's office & find out.Re: comingling of funds...If I keep a separate checking account (net necessarily designated as a "business" account, but registered to the LLC), pay all bills out of that account, deposit all rental receipts into that account & take monthly "owner's draw" do you think I'll be ok?

This is not to say that an atttorney could not investigate and track down the owner, etc, but it would take many, many hours at $300-$400 per hour which will add up to thousands of dollars for the party wanting to find out the owner of a property held in a land trust.As far as getting "ratted out", their is a process/procedure to choosing your Trustee, and even if the trustee was looking to "screw you", there are many safeguards in place to prevent that.

The site contains Retail, Office and of course luxury living by an award winning development company.

Has anyone gone down this track, of suffering the first few years, and then gaining a nice return, and how long do you estimate I'd need to eat ramon noodles for?

I provide these extra comments.In PA it is actually handled by the Sheriff (technically, by his office staff).I have not seen a lender do as Wheatie suggests above, but the effect is the same.

Do you have to go to the title company to do a title search or can I just retrieve all the information that I need from the county clerk/recorders office?

I happened to check the County Recorder's office database and found that both houses appreciated from about $250,000 to $500,000 between 2004 and 2005 (as you might know)!

I have been tracking a foreclosure for a while now.

You can get the land/improvement values from your property tax bill or the county assessors office.