Yes in fact this happens often.
It is common tax practice for LLC owners to personally own the building (and sometimes equipment and vehicles as well) and rent it to their LLC I would suggest reading: http://www.irs.gov/pub/irs-mssp/pal.pdf http://www.irs.gov/publications/p925/index.html http://www.irs.gov/pub/irs-mssp/pal.pdf http://www.irs.gov/pub/irs-pdf/f8582.pdf
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Yes in fact this happens often.
It is common tax practice for LLC owners to personally own the building (and sometimes equipment and vehicles as well) and rent it to their LLC
I would suggest reading:
http://www.irs.gov/pub/irs-mssp/pal.pdf
http://www.irs.gov/publications/p925/index.html
http://www.irs.gov/pub/irs-mssp/pal.pdf
http://www.irs.gov/pub/irs-pdf/f8582.pdf