While I am fine renting while I search for the right investment, my dream would be to build (for my own personal home).

Carlos,When you change the title vesting on your investment property from owner/personal to LLC it is easy and quick. 

@Scott EwellLeveraged vs debt-free is a personal decision to some extent.Leverage will give you a higher ceiling on your investment, whereas debt free provides the lower floor.While I can't say which is best for you in particular; I can say that, in my experience, every majorly successful investor I've come across uses debt in their strategy to some degree.

This person knows where my rental is…What are your thoughts? 

Although a DSCR is lenient on your personal income, they will still require a relatively clean appraisal.

That all revenue generated would have to stay in the company and couldn’t be used for personal things.I’m trying to find a way to use my God given talents and the only one I seem to have is in Real Estate hahaha.

At this point things do not seem contentious, and having a verbal dialog in person inside the rental unit might give you an idea of where you stand in getting your deposit back.What I mean is showing the pictures in person to the owner while the owner is standing in front of the place the picture was taken when you moved in well before you move out.Good Luck 

The best deals, with real analysis, is done in person, or with a partner in the trenches.

I wouldn't want to sell using sub-to personally.  

Be careful, since this is only for a Person and their primary residence, transferring to an llc may void this.