I really want to know about forming an LLC so that I can get the tax benefits for all the improvements I have made to this house to prepare it for renting. 

any creative ways to use the current owed taxes to lower the selling price?

At which time you will make your decision.Once I offer to rent, the applicant must be prepared to enter into a rental agreement and submit all the necessary monies.

I have a home ready to rent and getting a solid agreement prepared is my last step before marketing the property.

Surprises are still there, it is unavoidable, but being able to look at the two sides of the coin now, we can help the investor prepare for that.In Addition to these tips, I have uploaded some files in the File Place here on BP, that I find it useful to all rehabbers.

I want to make sure that I am thoroughly prepared when I come across a potential buyer/investor, so my question is: what numbers/information do I have to  acquire before approaching an buyer/investor?

Condo HOA's can be really inventive and creative in how they keep college kids out of renting in the property.  

You can also try to find some creative solution to bail yourself out from your current condo faster - I have a friend that rents out all the bedrooms in his place and uses that money to pay down the additional principal. 

I feel that I use the creative side of my brain more often as an investor vs when I'm wearing my agent hat.

Other than figuring out some creative financing whats my next step?