Owner Occupied but Have Renters LLC

[Sean Williams]

So I currently own a home outright, No mortgage or anything. I live in one room and rent to two buddies who just pay me rent. Would there be any benefit of putting it into an LLC, and all three of us paying rent into the LLC to rent the unit out. Would it benefit in terms of pro tax, insurance, hoa, utilities (if included in the lease) to be written off? I know there are self rental rules but having two other individuals with formal rental agreements would that change anything? Is this a good course of action?