He sees LLCs as vastly more complex than needed and more expensive, management and tax wise.So, can you explain the difference and what are the benefits/disadvantages of each? 

FHA 203k Rehab Loan: Advantages and Disadvantages for YouAn FHA 203k rehab loan is a great loan program that many people use to fix up houses.

Upon some research, I found that the 2 disadvantages of having it set up this way are:- Any claims can be a part of my personal record (and could affect insurance quotes in the future on the personal side).- In case of claims, the insurance check would be made out in the member's name as supposed to LLC's name.Are there any important considerations/areas/risks that I am missing? 

However, there are disadvantages and risks inherent in Section 8 investment properties.

Working for small shops have their advantages and disadvantages depending on your goals.

It is also possible having a buyer agent in your market put you at a disadvantage in deals where the listing agents has full control and influence with the sellers. 

Can anyone provide some of the practical advantages and disadvantages of creating a LLC for RRE investing?

The disadvantages of retaining that debt and attempting to get financing, and the risk of taking on additional bad debts are too great in that scenario. 

Each will have advantages and disadvantages and the variables are generally priced in.

The subject of the advantages and disadvantages of getting your real estate license comes up often in the podcasts.