1 Property, 3 doors - should we set up a Real Estate LLC?

[Fetch Phoenix]

Hello folks, I'm new to the forums and thank you in advance for your thoughts. My spouse and I purchased a home in Nov 2023 (that we will move into in about 1.5 years), that has an additional 2 bedroom apartment and 1 bedroom studio on the property. We are renting all 3 units currently, while living in another home that we co-own with a friend. It's in the Grass Valley area, CA, about an hour north of Sacramento. 

We have been considering opening a Real Estate LLC to support with this and possible future investment interests. The questions I have so far:

1. If we opened the LLC, would/could we transfer the ownership of the property to the LLC?

2. What would be the logistics of that if so?

3. Are there notable pros/cons to getting the property under an LLC compared to regular homeownership (us)

4. What else should we be taking into consideration here if anything?

Thank you!