Disregarding the theming (IE just comparing the appraisable size/comps of the home) it probably peaked out at around $900k in value during the RE peak, but is probably worth $650k-$700k now (again disregarding the upgrades). 

I have heard that in some states a single-member LLC is now being disregarded and CA may be one of those. 

If I see a property on the MLS and I want to offer seller financing (or use creative financing strategies to fund the deal), do listing agents quickly disregard these offers?

Quote from @Scott Chauncey: Quote from @Max Emory:If entities are disregarded, you can keep up with more than 1 in a single QBO account using the location/business feature to keep track of them separately.

If anyone says the S&P 500 disregard them.  

If you are based in California or operating an LLC in California you will be required to file an LLC regardless of whether or not it is considered a "Disregarded entity" by the IRS for Federal tax purposes.

Today, "wholesaler" is dominated by clueless persons doing nothing special, often regurgitating another "wholesalers" deal who regurgitated another's and another and another, and not a 1 of them with any kind of deal construct, and each expecting a $20k+ payday, disregarding the deal being $100k over-priced. 

If the LLC is disregarded, meaning the property is owned by the LLC but it gets reported in your personal taxes and you file a joint tax return, than you (or rather your joint tax return) is the tax-payer for the property.

Putting the property into your name only isn't going to help you if that trust is a disregarded entity and you and your wife file a joint tax return. 

@Levi Perl Since your single-member LLC (SMLLC) is a disregarded entity, all rental income or losses are reported directly on your personal tax return rather than at the LLC level.