<prompt> Human: Lots of questions, but Ive done some research and havent found a ton on these specific subjects. 1 I understand there are liability concerns with keeping rented property in your name. Whats the consensus opinion here? Are they overstated?2 Are there any obvious tax benefits to transferring ownership to an LLC or corporation I own?3 I have very favorable interest rates on each of the properties; are there ways to retain the current loans, or would it involve applying for new loans in the company name? If so, any recommendations for corporate lenders and what interest rates should I expect compared to non-investment property rates?4 What corporate structure do you recommend and why?5 Would I have to file taxes in each state that the properties are located in?6 Is there any way to transfer ownership without it being a taxable event to me personally? Stated another way, would the IRS always consider this type of event a sale from me to the corporation?Specific to me: 32 years old in the US Florida, current full-time income is around 90k. No debts with the exception of mortgages. 50k in Roth IRA, 30k liquid CDs and accounts. I currently own four properties, including the one I am currently living in. The other three one single-family, one duplex, and one condo are located in different states than the state I currently reside in. The properties are in college towns or near military bases, so rental history has been very solid and vacancies are very low over the past 2-6 years I have rented them. All properties have remaining mortgages of anywhere from 50k to 220k, and between the three properties that are rented I am cash flow positive by around 100 per month before any taxesdepreciation. The prinicipal is currently decreasing each month by 900 over all properties combined. I currently depreciate all properties and itemize deductions. There is a combined 70-90k of equity in the 3 properties.If any more information about my situation would help, I can expound, but Im not sure what else is relevant. Thanks in advance!  <response>: Ignore everyone here and talk to an attorney that specializes in real estate or corporate formation. It varies by state and there is no blanket answer. 