You may be a hair's breadth away from the dreaded "professional tenant".  

Most of the houses in my neighborhood are out of my price range, but one just came available at the top of my price range (actually probably a hair above, but hey).

With all three units in the house rented and the commercial property rented out as a hair salon, our numbers were really good.Fast forward two months and we have closed on the property.

Thanks @Kevin Hunter - I think this helps to affirm my approach and road map for executing.

@Gregory Walter, thank you for that post, definitely affirmed what I was thinking and I believe Charlotte is potentially a market I would love to get into (considering potentially relocating down there down the road).

LLCs have a stated term, like 20 years, upon the affirmative vote of the member(s) the LLC may be renewed for that like or any other term.Costs vary by state, accounting will be much the same, compliance is about the same, an advantage of a trust is no minutes of meetings except authorizations to purchase property are needed in some states, that can be about the same.The advantage is that a trust is not a business entity allowing expenses prior to an asset being acquired, you'd have a hard time deducting a real estate seminar on flipping unless there were trust administration aspects.

and you will want to learn when you must re-affirm your judgment. 

3 year lease in store (small hair salon). 

I think that these scumbag squatters should be dragged out of the house by their hair; flogged; and then thrown in jail!

This is especially true if it is going in an escrow account or some such.We are really splitting hairs at this point.