LLC or No LLC?

[John C.]

Hello, I currently own a few units as investments that I am renting out. I want to put them under an LLC for the lax liability and potential tax benefits since my income is apparently too high to claim any rental losses. I know there has been discussion about creating LLCs on this site before, but was curious about my specific situation. I contacted my lender regarding creating an LLC and was told it was not allowed based on my loan's current agreement -- which I assume means I would have to abide by the due at sale clause that has been mentioned in other posts. Can I put the properties under an LLC and create the business accounts associated with this without changing the deed to the LLC? Would this be allowed by the lender? Would I benefit from the creation of a LLC even if the loan is still in my name? Welcome your thoughts. Thanks in advance!!