Hi @Douglass Belt  (not sure why this mention isn't becoming highlighted)Our two rentals (each with 2 apartments) are on the east side Atwood neighborhood (by the Barrymore) and on the north side, by Warner Park. 

Great breakdown @Gita Faust - that really highlights the need for my outsourcing.

Here are some highlights of my real estate adventures:My Start: My parents dabbled in rental properties and renovations while I was growing up so I learned the basics from watching them.  

Highlighted in grey is what I should have been informed about from the jump and seems to be policy since April 2023.

If i were to sell one, on the "Partials" sheet, i type in the numbers on anything that is highlighted in green (Except the one that says "DO NOT CHANGE THIS CELL". 

Many agents pay premiums to have their info highlighted on sites like Zillow/Trulia attached to listings that really aren't theirs. 

I hope it highlights in blue :)

Ultimately, like @Mark Ainley said, work with your attorney/account to come to your own conclusion but I can highlight a few points which may be of help. - The main and obvious pro is Limited Liability (its in the name) - if you get sued, the suer only has access to those assets contained in the LLC (assuming everything is set up correctly and air tight)- LLCs can be tax efficient when comparing to a corporation and setting up one individually is relatively easy as the income flows through, but with friends (like in your case) you would have to explore a multimember LLC which requires its own business return (more paperwork)- Acquiring a conventional loan could be difficult.

@David Hite,@Jay Hinrichs, pointed out some of them highlighting the fact that all things are not, in fact, equal. 

His name doesn't highlight but he's very active on BP in the MH arena.