The goal is to acquire cash flowing rental property and scale as fast as possible.

If there’s an existing mortgage on the property, a subject to combined with a seller second, or a wrap around loan, carry significant risk and possible negative credit impact for the seller (and buyer).  

I like to set rentals up for lower maintenance long term as much as possible.

Was curious if anybody does this or if it is even possible.

I refinish the existing wood whenever possible.

We have a possible distressed property so timing is tight. 

We want to protect our individual personal assets and maintain anonymity as much as possible.

In what way do you possibly think your property could hurt someone without it also being at least partially your fault?

If you intend to expand to multiple property ownership, or if you do or intend to have other assets you wouldn’t want to jeopardize by real property ownership liability; then spending $350 - $550 to set up an LLC, and $125 for tax software to fie taxes, and 3 minutes to go online once a year to file a one half page information report, seems like a small price to pay for the protection, peace of mind, possible retirement plan benefits provided.   

They would likely lose any homestead tax benefits and possibly lose other things as well.