Does it make sense to set up a LLC with my partner?

[Jamie Yan]

Hello BP Fam!

My partner (not married) and I are looking to purchase multiple properties (1 each) from 1 seller, but current pre-qual doesn't cover both properties. So, to be more "desirable" as a buyer, we're thinking to purchase both properties under either one of us. So we'd likely have to increase the pre-qual which is fine.

My question is, is it worth it to set up an LLC for these 2 properties? What are the pros and cons?

Thank you!