Properly structuring for taxes

[Joshua Hurte]

Hey BP,

I've been trying to find answers for a while about structuring multi family deals for tax purposes. I don't know why it's just coming to me now to ask the BP community. Any information helps. Currently residing in MA.

1) Do I have to have an actual business entity established in order to reap the most tax benefits from my new 3 family (househacking)?

2) I was told that LLCs are just for liability purposes but not tax purposes?

3) What are the odds that my lender will allow me to transfer my property out of my personal name?