Setting up an LLC as a real estate agent

[David Nacco]

Does anyone have any experience setting up an LLC for their real estate agent business? If so do you have any reasons why you would or would not do it again or why you chose not to in the first place? I am considering it for the tax benefits and for legal protection against personal assets in case something happened that results in a lawsuit (rather have it and not need it than need it and not have it is how I look at that)
Also if I did this and say I made 100K, paid myself a 35K salary and then paid business expenses out of the LLC's money and then paid whatever is leftover to myself as a dividend, do you guys think that would be pushing it a bit trying to lower my tax bill or is that a reasonable salary?
Also I understand I should (and will) meet with both my CPA and attorney. I just wanted to come here and see what you guys had to say in case someone here brings up a point I haven't considered that I can add to my list of things to discuss when I meet with them.