I've been working full time in the corporate world by day and self managing at night.

The NYT interviewed me extensively about one of my single parent tenants ('Maria') I had for 17 years and the aftermath of my selling her building to a corporate buyer.   

Keep in mind the Corporate Transparency Act trumps any privacy protections you might believe you are receiving by creating a Wyoming LLC.

You may also consider medium-term rental, traveling nurses, corporate housing, etc.

Overall economic conditions in the Austin metro (job creation, corporate investment, unemployment, etc.) still look very robust and promising for this decade and beyond.

Express is corporate ran correct?

This was the case for me when I was working for a corporation and eventually when I quit and went into real estate full-time, I was able to carry forward that depreciation, and now I am a real estate professional, since I am in it full-time.

It may lend you a little privacy, but folks who want to find you will just look up who created the LLC and then find you.That being said, in MO, they are incredibly easy to set up, and are not that expensive to establish (~$50 last I checked, although that may have gone up) and doesn't require any input from an attorney or tax professional (in my state)Personally, I have an LLC bc I pay myself through an S-Corporation as a realtor...the savings come out in the wash, but it allows me to pay taxes quarterly and avoid end of the year surprises.Another reason you may need an LLC is if you are investing with partners, and/or seeking certain loan types ( I know hard money lenders often require an LLC)Once again, this isn't my wheelhouse, so at the end of the day, I would reach out to a tax professional to learn moreLong answer short: in my opinion, you do not need an LLC if your plan only involves renting out your inherited home

Because of my corporate background, I liken it to applying for an entry level job that requires 5 years experience.. and it's frustrating! 

(VA Loan House Hack)  However, I have a C-Corp established to take the rental income (intend to also use for business operating expenses) from the new tenant(s) and a business checking and savings account established in the name of the corporation.