LLC Insurance and Taxation

[Marc Zak]

Hello BP community,

I currently own two LTRs (one in MS and one in CA), and will hopefully soon own one STR (CA). All of my properties are currently owned directly by me.

I've been advised to hold each property in an LLC, however I've also been advised that insurance on properties held in LLCs is more expensive and harder to get.

I have another friend whose properties are help in a trust. I've also held of holding properties in individual LLCs that are owned by one S corporation, which allows for a 60 / 40 split between ordinary income (regular tax) and dividends (capital gains tax rate).

With the goal of minimizing taxation and liability protection, what would be the recommendation from more experienced people here?