The IRS treats single-member LLCs as disregarded entities (they’re taxed the same as if you held the property personally).

Disregard what the seller/broker wants for the asset.

Also in the state of New Jersey, I have been creating my own operating agreements, I just want to confirm that I am doing the right thing.Thanks in advance  LLCs do nothing for taxes. they are disregarded entities.

By default, a single-member or husband-and-wife LLC is a “disregarded entity” for tax purposes — meaning the IRS still treats it the same as if you owned the property in your own name. 

An LLC usually doesn’t change your taxes (single-member = disregarded; multi-member = partnership) but adds admin costs and state fees.

So, a few credit cards at the parent entity level works better depending on how much you plan to scale and as long as each of your entities is disregarded for tax purposes, but this does require more work on the bookkeeping side.Just ensure you keep things as simple as possible and always think about things from an operational perspective as you grow.- Time Capital Bookkeeping (REI since 2019)

The LLC would be disregarded on your personal tax return.The key is to run the rentals as a good business with lots of documentation. 

From a federal tax perspective, a single-member LLC is disregarded (everything still flows to your 1040), and a multi-member LLC files a partnership return (Form 1065).

My general rule of thumb (and obviously I'm focused on "what will screw with you getting a mortgage," so if that's not you, feel free to disregard) is that if your taxes are simple enough to use 1040ez, you're salaried W2, and you're taking the standard deduction rather than itemizing, go for it with the software. 

This would appear a blatant disregard for disclosing to would be Investors information that would have been needed to make an informed investment decision.Perhaps you already have this YouTube video.