LLC for a new guy on the block

[Jacob Price]

So we did it! We are closing on our first property! Well let me clarify, I am. So here's the deal, after reading some about LLC's I recognize their pro's and con's. For me I am 21 and won't have but this one property for now, so I wouldn't need an LLC based of my readings as I'm young and fearless. On the other hand my father, who is my partner, now owns 2 homes 2 rentals and this will be his 3rd rental. Should we do an LLC to protect him or is it still not necessary at this point? Thanks!