Tax man says "Become an S Corp" - thoughts?

[Joanna Lenn]

Hey there!  I own a triplex and I also work a full time job as a W2 employee. 

Due to the new tax law, my tax man says I should become an S Corp asap. This is based on my typical deductions every year - regardless of my triplex income.  He says I can put my triplex insisde the S Corp or not. 

Questions:  

• Any pro/con advice on becoming an S Corps?

• If I do become an S Corp - will that help or hinder me getting loans in the future? I want to get another property.

• If I do become an S Corp - should I put my triplex in there, too? 

• Does having the triplex in the S Corp help protect me from lawsuits?

Thank you for any help.