Using an LLC. Pros and Cons??

[Vic Vega]

Hey everyone!

I'm sure this topic has been discussed many times but I'd like to revisit it now as I'm thinking about creating an LLC for future investment properties. I'm new to buy and hold investing this year so I'm wondering if I should start using an LLC now or wait until I get to let's say 10 properties. I'd love to hear everyones input and opinions on LLC's. There a handful of questions that I have from the start...

Tax implications/benefits?

Legal protection?

Fees and expenses associated with LLC?

Can properties in my name be retroactively into an LLC?

Any benefits to putting my Wife's name on the LLC also? Women owned benefits?

General pros and cons?

Thanks!