Not Married but want to co-own rental

[Case Stiglbauer]

Hopefully a new(ish) topic.

My partner and I have been together ten years. We’ve been living together for 6 or so, financed a car together, and have intertwined finances.

We want to buy our first rental property, but are stumped as to how to mitigate financial risk (say through a joint llc) without making our taxes an endless nightmare (schedule E and 1040?).

Are any others out there in a similar scenario? Does insurance negate the need to protect personal finances through llc? What other options are available?