I am wondering, if by doing this, I will make the situation more complicated than it should be. 

Don't make it more complicated than it has to be.

It would make the situation less complicated if that is a possibility as you wouldn't have to worry about the recourse of the loan. 

The process isn't complicated - but managing shady Cleveland contractors isn't ideal for people with high-tempo careers LOL That's why I'm trying to get a gist of the different ways people do this. 

Seems like an overall complicated platform to manage 1 or 2 units

I would just lightly advise away from complicating your day-to-day life at this point given what you've told us. 

You just need to really make sure you understand and are cognizant of all the features of a floating rate loan - often times the structure can be complicated and you don't want to miss something, especially related to any "caps" - just make sure you are better safe than sorry

I think yes to the LLC but you can do that after you purchase. it makes things unnecessarily complicated IMO for the purchase process.

I have credit already established and want to make it less complicated.

Or you’re going to charge market rates making it worth nothing to the tenants except complications and the fear they are being ripped off.