But even a private contract does have certain issues if it runs afoul of other rules/laws, such as privacy issues surrounding credit ect.

What is privacy to you and how much do you feel you need?

Then you have grass and anything else you want to do to pretty up the place a little such as privacy fences.. you will WANT privacy fencing for your duplex.

There's a lot of chatter on these forums about pros and cons to forming LLC's in specific states citing greater protection and privacy but it's not entirely accurate and certainly unnecessary.

They detract something from primary structure(s) even if it is just reducing the lot allocated to primary unit but often it is more, like a garage, privacy, parking, etc.

Some of the most important are privacy, in a nice neighborhood like this a lot of people prefer to be discreet with the sale.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 4) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 5) this is related to the value added by the ADU, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

I just personally am at a place in my life where I need more privacy.

It's also at the end (of the street, no neighbors/more privacy on one side) adjacent to the city pool and a park that's about to be upgraded by the city. 

1.Benefits of forming an LLC in Wyoming include strong asset protection laws, privacy for owners, and lower costs.