Getting an LLC in place from the start can provide peace of mind and give you a chance to familiarize yourself with the process before expanding your portfolio.

It is just a reality how many PMs have no idea how to process claims and have close to 0 systems to protect assets for business owners. 

Key points include:Security Deposits: In Indiana, there’s no legal cap on security deposits, but you must return the deposit (minus any valid deductions) within 45 days of the tenant vacating the property.Evictions: Follow the formal process carefully.

Renovating a 3-unit townhouse sounds like a great project.How’s the process going so far? 

Alot of unknowns as you don't have the ability to walk the property beforehand, but interesting process, and pretty good deals exist there.While the Trustee Sales are cash purchases, there are many hard money options that can turn over the funds in time for the 24 hour funding required to complete the purchase.If you are interested, let me know and I can go into more detail, as well as make some other suggestions for you to consider. 

Still need to close on the property because I have already put 18K downpayment and then work with city on split process.  

And using the process buy a new property or properties that you also intend to hold for investment use.The issue for you might be that you purchased this property with the primary intent of selling. 

Everything you describe though is just the normal process of how taxes are reassessed when a property is sold.  

Then start analyzing deals so you get comfortable with that process.

Ultimately buying real estate without down payment funds is far trickier of a process.