Limited liability
Just to clarify..The point is to have house under LLC in case someone sues you for falling on the property? If so, I'm not a lawyer but I guess they can only sue up to the value of the LLC (house) and not your personal or other assets. Is that the benefit you want?
It's my understanding that if you get sued personally for any reason like at work, driving etc.. then being that you're the owner of the LLC, it's included in your net worth and assets which the other can sue for. So how will you be protected?
I've heard from lawyers that TIC is the best as if you get sued they can't take your house due to TIC status, while if it's under LLC it's like an asset or business which they can sue for.
Any other benefits I'm missing?