So when setting up an AP plan to limit liability like most talk about on BP its with LLCs and land trusts etc, the objective cannot be to avoid taxes.

Seems limited at the moment.

Search iTunes for the No Limits Real Estate Investing podcast.

Hi @Devlin Mcconnell, welcome to BP.While @Jake Hartnett is correct, not having a full bath will limit the potential rental pool, in the Boston area that might really be a big issue and might actually be a benefit.If you are close to the city there is obviously no shortage of "young professionals." 

Or buy rental properties for cash flow and build as much as you can and keep growing even if you achieved a comfortable life style?

Because of the price point of this property you'll be limited to how low you can go.

If you buy in an LLC and want financing, you limit the banks that will lend to entities.

since my funds at the moment are limited I am looking to break out into RE with wholesaling and eventually move on multifamily housing.

As far as I know there is no limit on app. fee.

For those who don’t know, prop 10 would limit landlords ability to raise under market rents and basically cut landlords at their knees.