Hey Chris - It's awesome that you're taking steps toward building something for your family!

A trust transfer allows for smoother estate planning, and if inherited after their passing, the land receives a step-up in basis, reducing future capital gains tax.Each method has pros and cons depending on their estate plans and your long-term goals.

Just keep in mind that there are further steps you'll want to keep to minimize the possibility that your entity is ignored for this kind of personal liability (say, if you were the person who didn't properly clear snow, or if your finances and the LLC's are comingled).And I agree with @Chris Seveney, insurance may provide adequate protection based on what's available to you.

Why form a corporation, what is the benefit of this step?

I am currently working on my first BRRRR and while walking through the rehab I accidentally stepped in paint then onto my hard wood floors. 

-What steps should I take to screen tenant applications?

What are my next steps I should take as the property owner prior to court proceedings? 

Wifi runs me about $100 a month (I'm sure you can get cheaper service) but generally, don't step over dollars to save pennys.

Next steps include analyzing deals, connecting locally, and studying financing options.Good luck!

Over the years, I’ve learned a ton, and now I’m applying that experience to my Real Estate practice.