Start one now and update it every 6 months.

The painter thinks it would not be a good idea to repaint only the lower ones. 

Sure you may pick up one thing here and there but not enough.

They are like $12.4) Multiple accounts:  Often with these 401K plans you will be opening multiple checking accounts (one for Roth Funds, maybe one for traditional, if your spouse is on the plan then one for them).

I think most of these replies are correct, but it really boils down to one thing: unrealistic expectations of what is possible/likely. 

I know I want to buy more properties in the next couple years but for my first one, how can I setup an LLC for the best asset protection?

Hopefully a CPA can chime in here, as they would be the only ones qualified to weigh in confidently.

(Yeah, that last one was a snarky comment.)CONSYou lose the homeowner capital gain exemption. 

This one worked out in your favor.  

Everybody I have called said no except for one company that only does portfolios with established customers