Then I would place all of the LLC's under a holding company that will more than likely be an S-Corp, undecided though, once I have a significant portfolio.

If I end up closing on this property, I will be renting out the bedrooms to reduce my current living expenses drastically and build MY net worth instead building someone else's by paying rent.Property Info-SFR 3 BR/2BA with detached 2 car garage and large yard-1,309 sqft (6,100 sqft lot)-Purchase Price: 400K with $0 @ ~3.5%Improvements Planned (~$2500 is my estimate)-Fresh paint on all interior walls (plan on doing this myself)-Fresh paint on the inside of kitchen cabinets-New flooring in the two rental bedrooms (undecided on what type and who will do work)-Have tile and grout cleaned throughout house-Minor work like securing slightly loose trim pieces-Backyard clean upMonthly ExpensePITI: ~$2,217Utilities: ~$125Vacancy: $100 (5%)Repair/CapEx: $100 (5%) (big ticket items are fairly new and in great condition)Total: $2,542Estimated Monthly IncomeEach Bedroom: $700 ($1400 total)One garage parking spot: $25 (not including into final calculation as it is not a definite)Total: $1400Out of pocket: $1,152I was paying $1,435 in rent so this would equate to reducing my monthly expenses by ~$300 ($3,600 yearly).

I'm speaking with a lawyer but haven't given the green light to move forward because I am undecided on structure.

I am still undecided if I want to be here in SD for long term but I will definitely be here for the next couple of years.

I’m undecided on what to do with it.

I am pretty undecided on what move i should make and was hoping to receive some advice from any and everyone. 

However, I’m undecided on where I should start.

Whether it extends to pets kept inside a unit and not just common area usage is legally undecided. 

I'm undecided what to do.

I’m still undecided personally, but hopeful it works out for you!