Entity structure for multiple properties

[Mike Hoover]

Hey BP,

Currently a partner 50/50 and I have a dozen properties under one LLC. Buying another 30+ units (7 seperate properties all in PA) and I'm going to split them up into 3 additional LLCs but wanted to add an additional structure on top of those 4 and make the 3 new ones SMLLC owned by a Wyoming LP. See attached structure. I'm good with having four separate bank accounts and separate filing but wanted to get feedback and thoughts on this entity structure.

I would say personal asset protection is #1 but lower cost is a strong #2.   We both have high W-2 income and own all our properties clean and clear.