Nowhere near ($1200 a year/$100 a month) which is what the rent increases are doing.Property taxes in California are protected under Prop 13 which limits the amount to 1% a year.

As I continue to research and learn about real estate, I've been refining my goals: I want to invest in multi-family property(ies), with an eye toward scaling up to small apartment buildings.

Meaning they want the protection of the LLC but they also want the rates that Fannie Mae can give them compared to portfolio or commercial.

Hi Everyone,We have been planning to move the ownership of our rental property into our LLC for tax reasons and to protect our personal assets.

It lists about 18 or maybe 37 different attributes that constitute protected class.   

An LLC is a good vehicle for many businesses, it might be applicable to RE, I know it's been done quite a bit.Consult with a Lawyer to make sure everyone is protected and you are covered for these cases. 

Buy undesirable wetlands, marshes, and DEC protected lands that could be sold for pennies on the dollar.  

It’s not a lot of security as between your second position and the first, there isn’t much equity protecting a default 

You will need to balance the legal protection benefits of an LLC (an attorney's question) against the cost, because CA will make you pay $800/yr just for having the LLC. 

Lots of great info, I've gotten a lot out of it.I analyze deals all day long, so if you're looking for a fresh set of eyes, I'm more than happy to chat.