At 17 I think you have the right lens for success in the future.

If the 3 year rule goes into place it will majorly shift the rental market as Len was saying. 

Looking at it with a Canadian lens, an LLC lays partway between a sole proprietorship and a corporation and has characteristics of both.  

We always do...some I have burned as DVD slideshows for the kids I am helping get into RE.I find it great for keeping a log of all the things you should have done differently....Also if your wife is taking b4 pics while someone is sanding the drywall the lens will be caked in dust & all future pics will be barely visible until you realize it & clean the lens !!!!!

@Bryan L. - En Fuego!

The investor has only laid eyes on the property through the lens of my camera. 

Jay Len - consult your attorney. if the house is being foreclosed, the owner isn’t paying any portion of your rent payments to the bank.

In addition to cosmetic rehabs, I always view each property with the lens of, “what is going to generate a middle of the night emergency phone call”?

Standard lens cameras will have a hard time picking up smaller rooms.

@Len Grosso,here is a list that BiggerPockets has put together:https://www.biggerpockets.com/rei/self-directed-ir...It seems that IRA with checkbook control will be beneficial to you.