Commingling funds, disregarding all corporate formalities, using the entity to commit fraud, etc.  

You might see if there are any such interests on the secondary market that you could identify and buy.Purchasing Tenant-In-Common interests, Delaware Statutory Trust beneficiary interests, Land Trust beneficiary interests and other "disregarded entities" qualify for 1031 Exchange treatment, but Section 1031 of the Internal Revenue Code specifically excludes any kind of partnership interests for 1031 Exchange treatment. 

Is it a disregarded entity?

I think the term is disregarded entity...Whether you would want to use a LLC or corporation for your company depends on what type of business you will be doing and what your strategy is. 

Now, I'm guessing you're a single member LLC and are likely going to be a disregarded entity, and thus this provision of the Code would apply (To state tax filings, not necessarily federal tax filings, consult a CPA, I would recommend Mr.

An LLC is a disregarded Entity, which means no additional paperwork.

We can file as a LLC as a disregarded entity because idaho is a community property state.

What are the tax advantages of filing as a "Disregarded Entity" vs. a Corporation?

Its personal preference.Regarding the classification-Not sure if I understand the question completely, but single member LLC's (unless you opted otherwise) are disregarded entities, and therefore, there is no balance sheet on the tax return.

Schedule E income (whether the property is held in one's personal name or in a disregarded entity LLC) does not produce earned income to contribute to a solo account.