A judgement against the LLC without insurance to cover the judgment amount or even the seeking recovery from the individual member(s) will come secondary.

As someone who buys and invests in this market, I believe that the Jacksonville market, with its current dynamic environment, is set to offer a glimmer of hope with the economic recovery. 

Being in college, student athlete, and new to the space, capital and time are a struggle to me.

Depreciation represents a recovery of your cost.

Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

Also ask about rebate programs and recovery time limits.  

It is a home that would appeal to celebrities, athletes, etc. 

Theoretically if someone sued you and it went past the limits of your insurance placing the property into an LLC would limit the reach of their recovery to just what is in the LLC.

Hopefully your lease is strong and calls for recovery of all your costs associated with this process (ours, for example, allows for recovery of all costs associated with the lawyer as well as filling the space, and it even allows us to sue for money "lost out on" if the new tenant signs for less than the old tenant).  

We've been historically low ever since, but I've seen some signs of recovery this year (2024).