We just moved out of Atlanta and so my parents are helping me manage my properties in Atlanta.

I'm learning more about your area as my parents are in Wilmington now.

So in this case in escrow withholding 50% capital gain tax for my sister, my 50% tax defer to 1031 exchange identified property in 45 days from close of escrow.

My interest in real estate began ever since my parents purchased our first home when I was 11.

Simply withholding rent because the landlord is not taking care of something will get you evicted and the judge will agree with it everytime because you have not paid your rent.

I am living at home with my parents and will have to pay rent after I graduate.Personal Finance:-Credit Score in the high 700's-Only debt is student loans.

Looking at what the area is are you comfortable with holding this deal?

For example, before 2002 it was completely legal for landlords to withhold tenants’ security deposits past the standard 45 days.

However, I think starting (somewhat) small at first is a good idea, to make sure it's something you really want to get into, and to learn a lot of the basics and little lessons on something smaller (rather than a big expensive lesson on a large complex).For some perspective, my parents started out with SFRs as rentals when they were in their 20s, then "graduated" to buying a fourplex in their 40s, and now own some SFRs, a duplex, a fourplex, a 10 unit, and a 14 unit (they're around 60 years old now). 

I do think a "parent" LLC may be a good idea for the company in general, especially when you do the sale with respect to the construction liability and warranties.