Given the size of the asset, these won't be huge, but something to consider.REWARD - In addition to the benefits stated above, the only other reason I could see doing one on an asset this size is if you wanted to offset a property sale that would have a large capital gains. 

I would trade the 7.5% I am chasing with my "barbell strategy" (of 40-45% commercial real estate syndications) for a 17.5% return gained in active investing.

My trainer's place couldn't get traction for 5 months.

The mortgage is currently under my name, so I’m unsure what benefits, if any, I’d gain from using an LLC in this situation.

Being a curious person, I gained an interest in real estate investing due to other classmates being interested in real estate.

Yes you are losing out on market gains but you are gaining appreciation on the property, cashflow from rents, tax benefits, etc..... 

I’m in CA also and paid cap gains on huge profits to the tune of 28%, which included CA state cap gains.

I’m currently in the research phase for obtaining my first property, and I am looking to gain insight on market trends, investment strategies, and project management.

My agent was a very nice older lady, but no idea about investing, it all worked out and once the first rent checks started coming in started gaining some confidence.

My hope is I can gain their trust as a property manager and eventually be the one they turn to to sell later on or refer for business in the future.