Partnership LLC Taxes

[Tony Otis]

If I were to form a multi-member LLC as a partnership, with a 50/50 stake in the LLC, it should be regarded as a pass through entity.

Does this mean that buying House A in this LLC is equivalent to buying House B on my own, as far as taxes go? Are there any pros or cons between these two scenarios?

Thanks!

House A

Purchase price: $100,000

Income: $24,000

Deductible expenses: $12,000

House B

Purchase price: $50,000

Income: $12,000

Deductible expenses: $6,000