For residential SF, duplexes, triplexes, or quads, this is my (non-lawyer) experiencePros for in your name:  1) Easier  2) Access to better financing  3) You don't have to worry about due-on-sale clauseCons for in your name: 1) Extra liability exposure if any claim exceeds your insurance liability coverage 2) Lots of phone calls from people trying to buy your rent property 3) Lots of phone calls from people trying to buy your rent propertyPros for in an LLC 1) Theoretically unlimited liability protection from the property in the LLC if it is manage correctly 2) Greater potential for anonymity if you are willing to incorporate in certain states and pay for Resident Agents 3) It feels cool to have a companyCons for an LLC 1) 50% of people don't do it right so they really have zero LLC protection  2) It costs more, both in terms of financing and annual fees (if you do it right)  3) LLCs provides your asset no protection against something YOU might do (like crash a car) while umbrella insurance can provide protection for you from your property and for your property from things you might do.

Local zoning regs creating major roadblocks 2. financing challenges (bank appraisers have no idea how to appropriately incorporate ADU's into property values) 3. construction capacity (ADU's make sense financially when you have local modular construction infrastructure in place so that you can build the ADU at a much better price point than stick built. 

@Jamie Wilson we’ve thought about incorporating our name but haven’t found the right angle.

As Co-Chair, I have spelled out in detail how to invest and work with investors with out losing your your license and show you how to write your deals so not to give away all your profit to broker fees.  

Very few capital improvements have been done in decades, mechanicals are on their last leg and it turns more into a game of musical chairs with investors trading them, you don't want the music to stop when you own it or you might be putting in 2 of everything. 

(and before someone shows me a burned out foreclosure for $100k... incorporate real vacancy and CAPEX into your pro forma...)

I would be careful about choosing which state you incorporate in.

If you don't mind could you let me know what you think about this deal and also how I should incorporate capital gains tax into the equation?

Hello friends, anyone run into this scenario. Just purchased a SFR in La Verne, CA.  I have a legally built and permitted detached garage in LA County which meets all specs for ADU per zoning, fire, setbacks etc. 
 T...

The one I was affiliated with had been added on to to facilitate 4 residents, wheel chair dependant and who had shared assistance, set up much like a nursing home but with mediacl care.