Should I structure a business entity for my large MF real estate?

[Ben Feder]

I plan on investing in large multifamily commercial properties (10+ units, 50+ units, and 100+ units). Should I form a business structure for this for legal or tax purposes, other reasons, etc.? From basic research I have done people seem to say LLC? Or is it okay to fly free as a sole proprietor and just get the insurance policies to mitigate my risk? What is the proper route to take?

[Ned Carey]

@Josh C. it is certainly fun to make fun of lawyers. However my personal experience is I work with fair ethical and reasonably priced attorneys. There are two types of lawyers. deal killers and deal makers. I work with deal makers.

To your specific point I don't even pay an attorney to create my LLCs. I do it myself for $75 and get as I wait service in MD. The main cost of an LLC the the administration of it not the cost of forming it.