@Carl wrote:
Overall, it's a waste of time and money putting a rental property into an LLC, and can have the potential to create legal problems down the road.
No, it is not necessarily a waste of time and money to put a rental property in an LLC. As a blanket statement, that is simply misleading and false in some instances.
LLCs do offer some legal protection (from personal liability) provided they are otherwise operated in accordance with state law and regulations, books and records are maintained, and personal funds are segregated.
