While the primary purpose of this forum is presumably tax advice – and your question specifically mentions “tax benefits”, I would like to offer the among the advantages of using an LLC as an intermediary entity between you, as the owner, and your residents – it does ‘cloak’ or hide your identity from potential snoopy others.
As a curious investor, I have looked up individuals’ names under databases to determine how many properties they may own. If they had operated under an intermediary entity between themselves and their residents, their known public ownership would have been greatly reduced or eliminated.
One may also consider the use of land trusts to further insure anonymity. Naturally, I whole heartedly recommend and endorse being completely responsible for your property regardless of how the title or the selected entity is used. I mention this as to being less notable to the extent of your holdings.
