@Michael Plante, It depends on whether 123 Elm LLC is a regarded or disregarded entity and whether or not the new LLC will be regarded or disregarded. 

You can disregard some of Caleb's rhetoric.

People see 90% leverage and just love to light you up disregarding all other factors.

Build a trusted network around you who can act as your sounding board and disregard the vast majority of opinions elsewhere. 

I'm not familiar with conservation easements, but it sounds like taxpayers have abused this deduction or blatantly disregarded zoning laws and misused the land for what it was intended for. 

It's on the first page of Google when you search Armando's name but I guess a lot of folks don't do much research before whipping out the credit card, or they simply want to believe so badly that they disregard all the negative critiques.A few local San Antonio guys ("Mike Voss" and "Steve in Texas") made a habit of DVRing the shows and figuring out exactly which house was featured in each episode.

Assuming you are in the 22% - 24% federal tax bracket for most of your income, your tax would be about $76,000(disregarding standard/itemized deducitons and other income).If you can somehow show rental losses = $300,000, you would get a refund of her federal taxes and potentially state taxes also.

After a few years, there does not seem to be much emphasis on separate bank accounts for single member (disregarded entity).  

I sent you a PM with some templates, you can disregard, I am assuming you don't need this anymore. 

However, it doesnt mean you should disregard conventional completely because life is a constant flux and there are periods of time where you might weave in and out of conventional or DSCR and or both might be available.