LLC in Minnesota, 5-Plex Not - Any Concerns?

[Craig Fitzsimmons]

I just had an offer accepted for my first “commercial property,” a 5-plex. My other rentals are duplexes and SFRs, so they’re just under my personal name with an expanded umbrella policy. If I develop an LLC in Minnesota where I reside, but the 5-plex is in Wisconsin, does this present any potential legal issues? I know it doesn’t matter for taxes, but I’m more concerned about legal protection. And for that matter, is that much more important to do the LLC for the MFR, or is the protection the same whether it’s in LLC or personal? Thanks in advance! Craig