You'd probably not be surprised by how many people are convinced by a financial planner to do this and put a rental into a simple LLC. One has to remember that financial planners are in business to make money. If your finances are simple then you don't need a planner and such folks know that. Financial simplicity does not make money for a financial planner. What I refer to as "understandable complexity" is an absolute requirement for anyone in the business of financial planning or estate planning, if they hope to produce a steady stream of income from those that utilize their services. I myself have three simple rules.
1) Do what works.
2) Easier "is" better.
3) If it ain't broke, don't fix it.
