Don't believe me, just visit a Walmart and ask the Senior greeting people at the door how there 401(k) worked out for em. 

Don't get into the whole story when you call these places just tell them you're a new homeowner, the last owner didn't keep good records and you're putting together a binder of service records for the home so you can get ahead on maintenance.

I just talked to my wife and she gave me the green light to go ahead lol :).

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

I visited the house a few weeks ago, and the floors are slightly uneven, but it’s more like an old house issue than anything else.

There are also many disclosure forms that you will want to fill out ahead of time as well amongst many other forms. 

---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'.

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.