LLCs allow you to keep your personal assets separate from your properties.

My income now would essentially allow me to be able to pick up a nicer property, but once we're back down to a single income it'll be harder to get approved for almost anything.. 

Allows you to get everything delivered for very cheap.

If you have been renting it, you will be building up Passive Allowed Losses (PAL) that will help offset the tax gain.But, sounds like you haven't been renting. 

Living in the property during the renovation not only saves me on living expenses but also allows me to intimately understand its potential.

It does not say “seller to” or “seller agrees to” perform a specific act: it simply states both parties agree to allow the septic design and cost review to be attached to the Inspection Contingency with terms to address cost prior to close.Do you have corroborating written emails that clearly indicate the Buyer has the responsibility to order the design work and estimates?

But ... if you can find a home in one of the diminishing number of cities or counties that allow it, then you might face less competition overall. 

If you don't like the idea of roommates, then a home with a separate entrance to the basement allows you to Airbnb or short-term rent a space. 

My biggest pet peeve with it is it doesn't allow for whiting out.

Retirement 2.0 allows you to slowly replace your active income (from working your job) with passive income (that you make while you sleep), so that you get to live the life you’ve always wanted, while your kids are still young, and while you’ve still got your health.And not only that, Retirement 2.0 allows you to create an engine for ongoing income and wealth accumulation, so that, regardless of what you do, you’re generating income for your family.