USA Sec. 121 vs deductions as a rental


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I am buying a third house and I was told to put them in a holding LLC. I am unmarried and I plan on living in one of the units in the 3rd house. One of them has been my primary residence for 12 years and the appreciation has been just over $250,000. WA real estate property tax is 1.28%, which translates into $3200. Is sec. 121 the only benefit of having a primary residence at this point?

Then I don’t see any benefits of keeping it under my name. Wouldn’t it be better to take deductions as a rental under LLC? I haven’t done much of finance work so I wonder if I am missing something very important. Can anybody help?
 
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