I would never own rental properties in my personal name.

I recommend smaller unit count LL use a higher number because they do not have a crew to throw at the tenant turnover.  

Liability Protection: An LLC provides legal separation between your personal and rental property assets, which can protect personal assets if a lawsuit arises.

When you say "income is taxable to the person that earns it", are you talking about the information on the w-9 provided by the employee, as the person who earns it?

@Jorge Liang Closing the loan under your personal name saves about $1,200 in lender points, but transferring the title to an LLC later comes with costs and risks.

Remember that for most owners, their business is very personal to them.

I'm willing to help this person in any way I can.

My personal home loan has a mortgage balance remaining of 157,000 and it's currently worth 550,000.

You are correct they handle by PM company liability I have prudential personal liability.OK, yeah, and they (Coterie) doesn't offer commercial umbrella insurance (or personal) so I was concerned you might not be covered correctly.You have a personal liability umbrella through Prudential?  

You will be personally sued along with your LLC.