Newbie Buy and Hold Investor - Chicago

[Brya Freeland]

Hello BP Community, I need some perspective on the following topic.

As a new investor specifically targeting buy and hold properties in the Chicago area, I want to know if setting up an entity ie. LLC, Illinois Land Trust, etc. is necessary starting out? I understand that once I have a number of properties under my belt, then it may be more manageable to create a business entity to house these assets. However, does anybody have any Pros v Cons in going with an LLC, a Land Trust, or investing as an individual? FYI - I only recently discovered the land trust option after talking to a local attorney in the Chicago area.

Thanks