Series LLC? Benefits?

[Michael Lee]

Fellow Bigger Pockets followers,

I'm new to this site and new to the whole real estate/landlord world.  I have always wanted to get into buying homes to rent out but never really pulled the trigger until just recently.  I'm in the process of cleaning up my first rental and I'm looking for ways to protect myself.

I know that it is very wise and beneficial to have real estate investment held in an LLC to protect your own personal assets. But I have just caught wind of something called a Series LLC. I'm being told that with a Series LLC, you are able to hold multiple real estate investment under their own LLC but those would fall under the main one.

Can you guys shed some more light on the difference between a normal LLC and a Series LLC? What is the advantage/disadvantage of a Series LLC vs. a normal one? Is there more of a tax benefit under a Series LLC?

Not sure if it matters but I'm in Texas.

Any insight is greatly appreciated.