Creating an LLC to operate the rental business worth it?
I currently have the mortgage of my townhome i own in my name, and is currently my primary residence. I plan to turn this into a STR/MTR in March 2023 fulltime. My lender was not clear about what would happen if I transferred my mortgage to an LLC so i will not be doing that, also dont want to lose my low interest rate. An insurance provider mentioned briefly that some of his clients set up an LLC to manage the operations of the rental business but keep the home/ mortgage in their name. What are some of the benefits of this as far as asset protection goes? How would this look from a tax and financial management stand point? Any information would be helpful! thank you!