No need to set up an LLC.If your goal is to protect your SSN, you can get an EID (Fed Tax ID) from the IRS by applying for one as either a sole proprietorship or an LLC.If you're not paying expenses, I don't see the need to set-up a separate business banking account unless you really want to.

My goal is to begin my real estate journey buy acquiring a multi-unit i can occupy and rent out to cover to the mortgage and hopefully create small cash flow. 

I want to vet and qualify them  as well.Sometimes it's better for me to say NO to a passive investor or a direct buyer wanting to be my client if our goals do not line up.  

I’ve never dealt with this situation but I agree to step it up and involve a lawyer immediately Hopefully can recoup your money faster and move on

We just cleared our school loan debt and are working towards the ultimate goal of Financial Independence.

.- I am currently taking courses to get my real estate license- I am interested in all types of real estate investing (wholesale, buy & flip, buy & hold), but my long term goal is to build a portfolio of buy & hold properties.I would really like to connect with any & all of you that are located in DFW!

Based on your comments, it doesn't seem like cash flow is really a goal of yours.

My main goal in real estate is to obtain consistent cash flow in order to have financial freedom through long term rental properties.

I would first try to decide between how active/passive you want to be and what your goals are for cash flow/appreciation.

@Caleb Heimsoth, my 12-month goal is a single transaction growing to 5 properties within the next 2-3 years and 10 in the near-term.