You will lose ALL tax benefits and owe all the capital gains that would have gone away. 

They each have their benefits and challenges.

The investor must consider whether the potential property value increase or other benefits outweigh this loss. 

This way, the lender wouldn’t be triggered (since most allow transfers to a trust), but I'd still have the benefits of an LLC.Other options a.

Quote from @Melanie Baldridge: In 2025 the bonus depreciation rate is 40%.This means that if you bought a property for $1M in 2025, did a cost seg study and found $300K in eligible assets that you could depreciate, you could take 40% of that $300K as bonus depreciation to offset your income in the first year.40% of $300K = $120K.You then apply that $120K to the owner’s personal tax rate to find the final amount that they can defer in year 1.If your tax rate is 37%, you can defer $66.6K.This is a big deal even at the 40% bonus depreciation rate this year.It’s a massive benefit 

Since I am strictly W-2, would it be smart to consider getting my LLC in order to protect my future investment properties, and while also reaping the tax benefits of having an LLC?""

I'm trying to benefit from it.

Tax Breaks- I am not an accountant, but I recommend conversing with one to see all of the benefits to owning a rental property.

In this post, I’ll explain why private lenders are vital to structuring successful JVs and how both parties, real estate investors and private lenders, can benefit from collaboration.

I would be very careful with a lot of course or guru in general right especially a price tag like that what I would always recommend reading the contract and see who is the person more in favor and if its not you then dont sign up very rare to see someone actually benefit from a course.