Thus, if the lease is written between ABC LLC & Tenant rather than Owner & Tenant, will this provdide any sort of protection or added tax benefits? 

Simple as that.If you are funneling funds from a plan funded transaction into an arrangement elsewhere that benefits you, that would be in violation of the IRS rules and could result in very severe tax consequences for your plan.  

I am interested in becoming a landlord and not sure if it would benefit me to manage my properties under an LLC, individual, etc?  

This sort of puts to rest the notion that the one who does something for the sake of education in loan investing is truly benefiting "more" than they otherwise would if they do it themselves.  

another beauty of real estate and leverage is the depreciation tax benefit.

I only work with a select group of DST and TIC sponsors who have long experience, good track records and have the investors' benefit front of mind.  

Esteban Pau cash flow is generally viewed as one of four benefits to real estate investing.

I would suggest you learn them well and use them accordingly.The ability for you to walk in as a new owner or property manager and turn an underperforming asset into a market – performing asset is always a benefit.

The guest is allowed similiar benefits/perks the owner has while renting the unit. 

I would be looking to buy better benefits,  with the equity,  than you are getting now.