Incorporate or not for investors with high incomes

[Account Closed]

Hi,

From my research, an LLC goes a long way for asset protection when set up and maintained properly. However, it loses some tax benefits. Now, I think many of those benefits are phased out for high incomes, and/or require real estate being your primary profession. My spouse and I earn ~$300k each (w2 for her, k1 for me), which means we qualify for neither. Am I missing major tax benefits that could apply for us that we'd lose with an LLC? Because, it seems like a no-brainer to me to use an LLC with mortgages supported by personal guarantees.

edit: We plan to start with turnkey 1-4unit homes, managed with a management company and with a buy-and-hold strategy.