Per my CPA, we set our LLC up as jointly owned disregarded entity through the IRS and received an EIN number.

An LLC or trust (even a disregarded one) can’t assume the mortgage in this case.So, short term, your best shot is either a manual underwrite exception (with strong documentation and a persuasive story), or pursuing the duplex using a different financing route — perhaps non-QM or hard money — and then refinancing into a conventional loan or assumption down the line once the 12-month window clears.

I'm a fan of profit first so I like to have the profit first accounts at the holding company level.As long as each entity that holds property is "disregarded" for tax purposes, I like to hold credit cards at the holding company level as well.But, for me at least, it all starts with the entity structure.Since you don't have any entities right now, I would probably have a checking per property if you have 5 properties or less just to make things easier on you as you're just getting started with the REI game. 1 less thing to worry about keeping straight.Once you grow, you'll need to implement systems and processes that allow you to keep up with each property's transactions without having a separate account per property.

As long as you’ve elected the LLC to be treated as disregarded and set up the Wyoming LLC as the member of your Florida LLC, all of the activity in the FL will flow down and be reported on your Wyoming LLC’s tax return.

This provides for both anonymity as well as charging order protection.For tax purposes, single-member LLCs holding rental properties are typically treated as disregarded entities.

You can have the LLCs be disregarded to you tax-wise.

Jason’s conduct throughout the process, including his unprofessional communication with my agent and his disregard for the impact on the sellers, left me with no confidence in his ability, or that of Launch Financial Group, to facilitate this transaction.

As long as the Wyoming Statutory Trust is taxed as a disregarded entity, it has not triggered the minimum franchise tax for hundreds of our clients who have utilized them successfully.

WY LLC is SMLLC and disregarded so should be allowed to own the HI LLC. 

These transfers are non-taxable again as long as the LLCs are disregarded.