Turns out she didn't completely chase me off with a shotgun or anything, but she did tell me that if her situation doesn't improve, she'll definitely be calling me to discuss more details.

But probably not if you don't think it would improve the property.

I have taken great strides in improving my credit recently, and have also looked into what it will cost to start up a LLC.

Keep a good part of your focus on the rent you can achieve with the improvements you're making.

I would do it as long as the income is right and stable and she seems like she wants to improve , maybe a additional deposit 

I prefer to buy when unemployment is high, and just ready to improve.

The neighborhood itself has people improving their homes, and young artist types moving in.

I really want to improve myself and your idea is a huge step in the right direction . one more point you mentioned which I consider an eye opener is how selling a house could be frightening , I never sold my a house of mine , therefore , I never thought of it .  

I like to determine how old the major capital improvements are and how much life they have left.

I agree it's good to have one, I just don't have time to cut into the wall right now and was hoping I could delay this improvement.