There’s no doubt these laws can be used to maximize gains by nefarious individuals.
At the same time, the ability to hold a property as an LLC, thus limiting overall liability to the property value alone in the case of a lawsuit, incentivizes more individual investors to purchase rental real estate. In many instances these assets help facilitate retirement savings that are more stable than market securities.
I’m all for transparency - and it’s likely the increase in LLCs could be attributable to more savvy, legitimate investors rather than only attracting wrongdoers.