You will get that liability protection - If someone sues you on the property - your personal assets are protected only the LLC is at risk.2.

You have to jump through hoops to get the approved work even if they will approve it.

Quote from @Brandon Morgan: If you screw up a deal with a friend or relative, you will lose money and the relationship.

Just call up an agent and ask them if they are the best in their market , odds are the first call you make will be the one .

A 5000+ sqf Triplex located in the Tremont Area of Cleveland.

The question is whether to contribute up to another ~30k via mega backdoor (MBD) or to a taxable account.

Are you looking in the Phila metro area?

We've used LLCs by going to sunbiz.org, setting up the LLC, and then heading over to IRS.gov to get the EIN (Tax ID) number.

What Blackstone’s Sale of First Eagle Investment Management Means for Real Estate InvestorsBig news in the investment world: Blackstone, the global private equity giant, is reportedly selling First Eagle Investment Management—a move that has major implications for financial markets.

@Sean Overcrest Transferring the property to an LLC may help avoid property tax reassessment under California’s Proposition 13, but it comes with risks.