Since I am strictly W-2, would it be smart to consider getting my LLC in order to protect my future investment properties, and while also reaping the tax benefits of having an LLC?""

I don't know anything much about real estate, nor have the money at the moment.

I don't think the market will continue to appreciate as it has over the past few years and that equity isn't something I can realize until I sell the property which I don't plan to do. 

While I think neighborhood farming is a good idea, I'd say instead of doing it geographically, think about who is most likely to move in your community. 

I really don’t want to lose this buyer—what’s the best way to navigate this?

If you have any questions, please don’t hesitate to ask.

I don't think $175/month is good in Florida (or anywhere) for 30 percent down, but it also depends on what the rest of the block and area is like and if there is appreciation scale.

Quote from @Gregory Wilson: Natalie, I don't usually want to debate what are usually opinions, but this needs some correction.First, as stated above, tax audit issues are about 7th on the list of reasons to have every rental property in an LLC.

While this can maximize leverage and ROI, challenges include getting lender approval for seller financing, high carrying costs, and the pressure of short-term loans.

In other words held for steady cash flow.My VARIABLE (note) PORTFOLIO consists of more active/speculative notes - non performing notes I purchased at discount to principal owed; notes I hope to “work” for enhanced ROI, real property I “purchased” with a leaseback option to repurchase, and defaulted notes I purchased planning on eventually taking ownership of the real estate, as well as notes I created that don’t have current payments but provide a guaranteed return plus an equity “kicker” when the property is sold.