The 4th state Massachusetts, while they dont necessarily refer to it this way...operates more on a letter of intent type of system (they call it a contract, but it's not), then a purchase and sale contract, that is not standardized is drafted up by lawyers after the home inspection.

Simple. 

Thats the simple answer mind you.If you are wanting a SFR for your main residence then you either need to make sure that the rent you get, from the unit you use to live in, covers your new mortgage in order to keep the same cash flow and savings.

Would like to keep it simple small standing shower.

To keep things simple, we stay consistent with our percentage ownership in everything and that is reflected in our K-1s.For additional work I've done for our LLC, we will pay me "management" or "services income" and I get 1099's at the end of the year.

Do we need to go ahead create an LLC or Series LLC or keep it simple and operate as a “sole proprietorship”?

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

@Drew Y. it can be something as simple as a promissory note written on the back of a napkin (not that you'd ever want to do that but it is legally binding). 

The new ones are quieter it is designed and mandated to operate more efficiently.

Right now hes 30.a)COMMITTED: RECEIVE/POSS/SELL STOLEN VEHb) OPERATE A MOTOR VEHICLE IN A CARELESS AND IMPRUDENT MANNERAll the above crimes were committed when he was much younger.