The tax is in the amount of 15.3% and it is split 50/50 between the employer and the employee.

Now, most of these smaller banks may only have 12 employees or so.

On top of the great advice already given, keep in mind that in most states your personal residence  and, in general, retirement accounts that qualify under the Employee Retirement Income Security Act (ERISA) are protected from creditors, bankruptcy proceedings, and civil lawsuits.If you don't have assets outside of these 2 categories than the LLC isn't that big a deal, at least initially.I didn't form an LLC until my 7th property.Probably best to reach out to an attorney, though. 

Think about how employees behave when they know the boss is on vacation.

Also, keep in mind that a personal residence and, in general, retirement accounts that qualify under the Employee Retirement Income Security Act (ERISA) are protected from creditors, bankruptcy proceedings, and civil lawsuits.Check your states homesteading laws. 

If anything, I'd probably hire someone to do the leasing and take on a maintenance person myself, and let them handle the day-to-day as more of an employee situation as opposed to contracted help. 

Now, most of these smaller banks may only have 12 employees or so.

Now, most of these smaller banks may only have 12 employees or so.

Here's the list:(A) rezone for densities necessary to assure the production of moderate income housing;(B) facilitate the rehabilitation or expansion of infrastructure that will encourage the construction of moderate income housing;(C) [encourage] facilitate the rehabilitation of existing uninhabitable housing stock into moderate income housing;(D) consider general fund subsidies or other sources of revenue to waive construction related fees that are otherwise generally imposed by the city;(E) create or allow for, and reduce regulations related to, accessory dwelling units in residential zones;(F) allow for higher density or moderate income residential development in commercial and mixed-use zones, commercial centers, or employment centers;(G) encourage higher density or moderate income residential development near major transit investment corridors;(H) eliminate or reduce parking requirements for residential development where a resident is less likely to rely on the resident's own vehicle, such as residential development near major transit investment corridors or senior living facilities;(I) allow for single room occupancy developments;(J) implement zoning incentives for low to moderate income units in new developments;(K) utilize strategies that preserve subsidized low to moderate income units on a long-term basis;(L) preserve existing moderate income housing;(M) reduce impact fees, as defined in Section 11-36a-102, related to low and moderate income housing;(N) participate in a community land trust program for low or moderate income housing;(O) implement a mortgage assistance program for employees of the municipality or of an employer that provides contracted services to the municipality;(P) apply for or partner with an entity that applies for state or federal funds or tax incentives to promote the construction of moderate income housing;(Q) apply for or partner with an entity that applies for programs offered by the Utah Housing Corporation within that agency's funding capacity;(R) apply for or partner with an entity that applies for affordable housing programs administered by the Department of Workforce Services;(S) apply for or partner with an entity that applies for programs administered by an association of governments established by an interlocal agreement under Title 11, Chapter 13, Interlocal Cooperation Act[.]

I know that as an employee of the corporation/business, I am responsible for paying FICA taxes on the wages I make.