Is a Single Member LLC Really a Single Member LLC?

Limited Liability Companies ("LLCs") are all the rave today for acquiring, holding and managing real estate. They are easy to form, easy to administer, and easy to deal with for income tax purposes. This is especially true if the LLC is a Single Member Limited Liability Company ("SMLLC") since a SMLLC is not only a "pass-thru entity" but also a "disregarded entity"...