What is the consensus are starting a separate business (LLC, c/s-corp) for REI

[Chris Miller]

Morning everyone - 

First post here so I apologize if this has been answered 100's of times already. But, just curious of other's opinions in regards to starting a business entity and using that for your REI properties. Are there certain times when this would be more or less advantageous? I am sure the majority is tax and liability stipulations, but wasn't sure. I am a high-income earner in my W-2 so just curious if it would help protect personal assets down the road if things got rocky with an investment property. Thanks a lot!