Quote from @Jared Martz: Hey BP, I have a smaller portfolio of long term rentals and I am looking for some protection advice.

You don’t get extra tax breaks just by having the LLC.Liability Protection: The main advantage of an LLC is asset protection.

I could EASILY see the government say “in order to protect the people” you must pay us to take this class, and then pay us to get your license, and then pay us every year to keep it.

As you embark on building and expanding your real estate portfolio, one of the most important steps you can take is establishing a strong, proactive asset protection strategy.Real estate investing offers great potential, but it also carries inherent risks, from lawsuits and liability claims to unforeseen creditor issues.

Anonymity/privacy, tax purposes, legal protection, etc. 

The lawyer's perspective must have been the protection of my personal assets.That's not bad advice at all. 

.- Fed Chair Powell gives annual Jackson Hole speech Friday.

People who love you want to protect you from anything that is different.

Welcome to the group.As you begin expanding your real estate portfolio, one of the smartest moves you can make is developing a solid, forward-thinking asset protection plan.While real estate investing can be highly rewarding, it also comes with certain risks, such as lawsuits, liability claims, and unexpected creditor issues.

I'm not qualified on this topic (maybe others can reply) but may want to check into your homestead protection.