You don’t need an LLC for tax benefits.

Anyone have recommendations for a Real Estate Attorney to help an investor get started with LLC, Leases, etc...?

Kyle PotswaldCitizens first position HELOC CMG a financial 70% LTVEast West Bank, up to 60% LTV with "no docs” Figure 80% on a rental, not in LLC First Florida Credit Union https://firstflorida.cumortgag...

Moreover, you don't need an LLC to get the checkbook control.

They charge 50% of net profit they pick the deals you put up all the money.They setup the llc in their name, make you a partner and keep half of the depreciation. 

@Nicholas SoraceAs mentioned why you putting it in a llc?

If the payment is considered a business expense, then obviously it doesn't make sense, but I'm not sure if the payment is a tax write off since 1, I don't have an LLC, and 2 bc I don't even know if an insurance payout qualifies as a write off expense.

We are going to be buying property and building a spec home shortly and need to understand the pros and cons of doing this deal through an LLC vs. as individuals, from a tax perspective.

I've had great success this year by purchasing the company (LLC or Corporation) that holds the property rather than buying the property directly.

LLC is the route that we discussed.