Legal entities and taxation

[Yuri Chernousko]

I want to ask advice on the setup that will be best for me: 5 rentals (1 in California and the rest in Florida).  What would make the most sense?  Several LLCs in an S-corporation for asset protection?  And a combination of a w2 salary to myself + K1 distributions for the rest?  Is there a way to reduce the taxes by using self-directed accounts?

Advice form experts will be appreciated.  Or maybe there are existing articles on the subject?

Thank you.

Yuri