Specifically one that does asset protection or estate planning.

. - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-structuresBonus: What is needed for a complete asset protection OR the domains that need to be intersected to find asset protection. - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-spectrum-diagramAnd if all that didn't get you utterly confused, let me add to it - since AssPro is not cheap, I spent numerous hours researching from multiple sources the whole LLC question and asset protection matter and all the rabbit holes it opens.

@Deba Douglas Not a lawyer, nor CPA, your due dilligence required, but here is my 2¢:The LLC gives you liability protection or litigation insurance, which complements regular insurance (which doesn't cover you in all scenarios and whatever limits).

Either get strong insurance protection or go whole-hog on doing an LLC correctly. 

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Grouping the nice homes together in one LLC and the low end units in another, etc. etc. does nothing for liability protection, or accounting/paperwork reductions.

Either do it right and get the protection, or don't do it at all.

We just ended up building the business around syndication as it offers some good legal protection or structure around partnerships for acquiring large multifamily.

I was informed by a few lawyers that this type of LLC has not been seriously tested in the court of law so they are uncertain as if it will add additional protection or not.

Aside from an LLC, a Trust, or a partnership, there aren't many other options for asset protection or operating under a different entity name unless you want to spent some serious time in jail.Should talk to a business attorney.