To LLC or not to LLC

[Zachary Bellinghausen]

In the process of talking to a lawyer in setting up LLC. I only have two rentals at the moment but plan on owning commercial real estate in the near future. A potential lender from a local bank suggested that I set up an LLC. For tax purposes it would be the same, in my understanding since I would be the only member in the LLC and it would be considered a disregarded entity. What would be the benefit of spending the money on the LLC, when I would have the property insured regardless. Thoughts????