Quote from @Stuart Udis: Before you are lured into spending thousands on anonymity through Wyoming LLC’s, Management LLC’s or whatever the flavor of the week happens to be  believing that will protect you from lawsuits ask yourself why individuals with real assets don’t use the same strategies? 

When you come on here with an anonymous profile.

That said, a properly used WY or DE LLC can be extremely useful, especially for real estate investors that own multiple properties and want to do so anonymously. 

The marketing pitch is always stronger asset protection, anonymity, better charging-order rules, you name it.Here’s my question to the BP community:1.

LLCs do not offer the anonymity or protection that most people think, they are easy to pierce. 

I would definitely recommend if you haven't done so already to review LLCs and Trusts to see if they're the right fit for you as you start out and grow for asset protection and anonymity, so that you can isolate out liabilities from the business rentals and your own personal activities.Please let me know if you have any questions with regards to it.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

An LLC is useful for two things: anonymity and legal protection.

My challenge is the anonymous part.

This provides for both anonymity as well as charging order protection.

I would also recommend potentially setting up Trusts or LLCs for asset protection, anonymity, and tax mitigation for both the process of the renovation and for when it is being rented out.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.