4 unit Multi-Family - Creating an LLC

[Swat Khan]

Hi biggerpockets!

First off love the forum!

We are submitting an offer on a 4 unit multi family with owner
occupying 1 unit. Owner would like to create an LLC for this multi-family property as well as each MF he buys for tax sheltering, asset protection, etc.

Should the owner create an LLC for the property now with the offer? Or can he transfer it later? How long will it take to create one for the property? Any way to speed it up?

Any other advice we should know about an LLC?

Thanks in advance.