This is counter-intuitive to my goal - slow and steady save to purchase our first investment property (with more to follow). 

A property or two will not be your ticket out.

I said no and asked them how long they would need and they said six months to figure things out and then move.At this point, they are planning to move in March 2025.I want to fix/rehab this property and sell it ASAP.

It needs a lot of work, but my main thing I need help with is this old shed behind the property.

I have a property in Fort Wayne that I own free and clear.  

Cap Rate: Provides an investor’s perspective on the property's profitability.

It will just be more of an explicit part of the price negotiation when buying a property.

I didn't phase that correctly and should have put an emphasis on "Traditional Sale".I am willing to sell but want to do it "creatively" - if you will - to generate funds and positive cash flow from the note I would hold against the property.

Purchase price: $38,000 Bought this property with a private monery lender and sell it to a investor with 20K down.

I have different strategies in mind but my main concern is if I should start an LLC now or after I buy a few properties?