Best way to structure a MF deal

[Albert D.]

I'm a newbie to the multifamily business. Currently have a 8-unit under contract, with closing in a month. I wanted your guidance/advice on the best way to structure the purchase such that I can protect my assets and lower tax. Should I put it under a trust or a LLC? In TN, I think a LLC will be taxed on the assets owned no matter profitable or not. So I'm hesitant to set up a LLC if benefits are materially outweigh the couple thousand tax charge. Will a combo of a trust which owns the property and a LLC as beneficiary of the trust provide the protection and tax benefits? Trying to think this through. Let me know your thoughts and ideas. Many thanks.