Yes we fall for it. We have people setting up LLCs (essentially"disposable" shell companies) to buy up real estate. Then to avoid real estate taxes they sell th

Yes we fall for it. We have people setting up LLCs (essentially"disposable" shell companies) to buy up real estate. Then to avoid real estate taxes they sell the LLC, which avoids triggering a "sale" of the real estate property. This is perfectly legal. Every landlord I've rented from in California has done this.