Its had its ups and downs, but I've come to really love the idea of the "passive" income it generates. 

My initial thought was to just take out a mortgage.

Eric,As I am not a lawyer, take this with a grain of salt.My understanding is that an LLC is ideal for many investors when the business itself generates a certain amount of income, usually under $40,000 per year NET.

initially to assist with investments but now plans are to transition into real estate sales full time

Even if I enter at the HIGH level, my initial investment is only 10%, that a pretty good ROI, I think.Tiger Woods or any professional has a good coaching system behind them.Thanks again Danny, Brian!

However, according to the Florida Department of State webstie, it does require each LLC to pay a $125 initial filing fee, plus an additional $138.75 annual fee (as part of the annual report you would have to file). 

(Looking for indication of calling within 48 hours of initial request, first visit within 3 days [assuming its not urgent],  etc)-When do you initiate collection on past due rent? 

Based on my reasons for initially getting my license (to help expand my personal portfolio), I think I should focus on finding a smaller brokerage so that I'm not required to attend a lot of training and/or meet minimum sales requirements. 

I purchased one three days before the auction BUT initiated the transaction weeks earlier.

My goal initially is to purchase an REO duplex, utilizing a VA loan, which will be my primary residence.