Buying STR - LLC or no LLC?

[Dustin Seager]

We are purchasing and rehabbing a short term rental, but need to decide whether to put in our names or in an LLC?

Heres the scenario:

Married - Husband owns 2 properties (1 long term and 1 short term) and wife owns 2 properties (1 long term and primary residence)  in each of their own names.

Husband has LLC with zero properties. Husband is also a licensed building contractor and wife is a realtor (if it matters).

We are trying to determine if it makes the most sense to put our first property that we are purchasing together into an LLC or not? We are finding conflicting information as it pertains to insurance and liability.