If your setting up an elaborate asset protection plan with one or two assets, I think it’s overkill.  

That is probably overkill on newly rehabbed properties, but we don't need the money to pay living expenses and we prefer to play it safe.Our next acquisition and rehab will probably be our principle residence, but while we are doing that we are happy knowing our 7 rental properties will be paying us a little and paying down their notes. 

It depends on the person though, some people feel LLCs on 2 or 3 properties is overkill and not necessary.

(lol overkill) I'm just thinking out loud I guess.

A LLC has its uses, but sometimes it’s overkill for investing, and puts you at a disadvantage for such things as financing and increased operating costs.Good luck

This would I believe guarantee zero or almost zero tax burden on this transaction, but I don’t know if it is overkill or if CA still has some wonky way of making me pay taxes even after the 1031/121 processes. 

It seems to me that hiring a property manager for such small task is an overkill, and finding good handy man every time is hard.

It is probably overkill, but I didn't want any issues.STR rules in most states are focused around stays less than 30 days.

@Abid R.The entity structure normally depends on how much money will be generated by the entity, the entity type of the investors(individuals, exempt organizations, foreigners, etc), allocation split amongst the investors, etc.I think REIT is prolly overkill - but you should discuss with an accountant if an LLC or corp is best suited for you.

I realize this may sound like overkill, but the garage was in awful shape and we live in a mountain biking tourist area.