Just want to feel a sense of protection, if possible.We have notes on all 3. 

These areas have a sense of growth to them currently.  

Husband is also a licensed building contractor and wife is a realtor (if it matters).We are trying to determine if it makes the most sense to put our first property that we are purchasing together into an LLC or not?

@Adam Bartomeo @Rick Albert- That makes sense.

.: Quote from @Greg Scott: Based on my experience with Hard Money Lenders, this post does not make any sense to me.Did you not file the loan documents with the county as a lien on the property?  

Maybe it's a MN thing and PA is different, but it makes perfect sense to me.

Above all, a rental should become a rental because it makes financial sense as a rental, not because it just happens to be a house.

I think your income easily justifies a common-sense, time-proven method: increase earnings, reduce expenses, save, and invest.

Prices there tend to be fairly high so make sure the financials make sense to you.If you're going the townhome route, make sure you fully understand the rules and regulations of that particular community.

You definitely raise a bunch of points that make a lot of sense.