Try to get the fixes done as cheaply as possible, delay those not critical, and move ahead. 

---Investors that are ahead of this and already making lower offers can stll make the numbers work NOW.Yes, you can fix & flip to landlords, but you better know what you're doing or you won't make much profit, if any. 

But at this point do not want to get too much ahead of myself.So, basically, keeping my current situation in mind, how to form an LLC, any specific type (cost effectively) and move my property into that LLC and eventually all my finances too.

I'm the opposite....I jut plow ahead and get myself into trouble :-)My business strategy is 'paint yourself into a corner and figure a way out'.

If and when there are rocky times ahead, you will lose money.

The more uncomfortable you are in the middle of doing a job, the more likely you are to rush it and botch it.

Step by step, I am not gonna go fast for buying a property but if the right deal comes to me and I find it I will go ahead and buy my first buy and hold and go from there.

I know Apartments dot com will collect rent and they do not charge you a fee if you don't want it rush delivered to your account. 

Where the floor is cut to accommodate a stairway, the removed structure must be supported by a header and in a basement that header is usually supported by a post near the bottom of the stairway.

If they can get you, for example, 10k back from the IRS and charge you 1k, you have the peace of mind knowing it was done properly and still come out ahead.