I would suggest working to save as much as possible and if you are planning on waiting a, "year or two," I would start to research the areas you want to be within.Once you have a solid foundation of knowledge and area expertise, then you can pounce on a deal or most likely two!

Many states protect a primary residence in a bankruptcy or judgment position.  

The prices charged by CPAs varies based on location, expertise and your individual tax/business circumstances.

Subjects can be your friend, both to protect you and to use as a negotiating tool sometimes.  

Two reasons: S-corp provides more legal protection and flips are handled totally differently when it comes to taxes (this wasn't happening with my previous accountant). 

Neither are a protected class.  

While its better to own property in an LLC for protection from law suits I have never found a conventional loan that will do it as the lender must follow strict guide lines when making these loans. 

Rich, i would look into that more, i believe that Pennsylvania does not recognize Land trust when it comes to Real Estate and will not offer you any protection or very minimal protection.

What services are you providing them - market expertise, the ability to "speak investor," discussing investment strategy, lenders, contractors?  

I assume you're primary objective for using an LLC is asset protection?