The whole discussion on buying real estate under the LLC has its own merits while again debatable.
But what about this approach - buy real estate on your name ( has its own merits ) and than lease it to your own LLC - which than sub-leases it to a tenant. The LLC is just an abstraction layer between you and the tenant. Objective is to safe guard you from any litigation. The LLC safenet would be the one taking the hit incase of any unforeseen issues.
Does this even make any sense ?
As always thanks for your time.
As far the IRS is concerned an LLC that is only you is...only you.
It's a state entity, not a separate tax reporting entity- it's disregarded.
So it would be you renting to yourself on your tax return which...doesn't really work.