Unfortunately there are tons of investors that spend ALL their time studying and never pull the trigger. 

Use this forum as a resource and continue to educate yourself until you are comfortable with pulling the trigger and starting a successful income stream.

At what point do I decide I've learned enough from everyone else' experiences to pull the trigger?

Now, if you are talking liability where someone gets hurt on your property, well, that's where insurance comes in.Whether an LLC or personally held property encounters injury liability - insurance is a necessity.

I run into what seems to be solid deals all the time but can't pull the trigger just yet but don't like seeing them slip away!

I'm almost ready to pull the trigger and jump in.  

I would be happy to get you going and try to assist you in pulling the trigger on your first deal. 

I am hoping to pull the trigger soon but would like to talk to someone who has more experience than myself first.

I would suggest that you start modeling potential deals for a while before pulling the trigger on one.

Hi @Aquila PhillipsWhether to setup an LLC or not at all depends in your situation.Here's not to setup an LLCIf you buy cash for a property as an owner-occupied, or an investment (hold), you have no liens, you do not owe the government, you do not owe any lenders, and you have wages to support its maintenance and utilities, then you don't need and LLC.You have wages to support bi-annual property taxation payment, you don't need and LLC.You have no tenants in your investment property, then you don't need an LLC.You have no medical conditions that will use your savings in the next 5 years, then you don't need an LLC.You are fully insured that will pay you or your estate in case of accidental injury  or incapacity, or end of life term, then you don't need an LLC.Your wages can support your daily living, then you don't need an LLC.