I am located in the DFW region so I can't directly list his property into the MLS down there unless I join, but I was wondering if there were other sources that work best to list this type of property for sale vs MLS. 

I’ve lived and invested in Pinellas x 20+ years and can offer local knowledge for sourcing if needed-happy to help.

I have been receiving conflicting information/advice from several sources regarding the necessity of creating an LLC before/during/after purchasing my first investment property.

My personal favorite real estate books is loopholes and real estate and building wealth one house at a time

My favorite cashflow play is real estate notes.

I think the #1 thing you need to do to make yourself invaluable to investors is to source them good quality deals.

Make sure you trust your property source here in Memphis.

You might try your local favorite title company to help you chase down the existing owner, and if there are any liens against it.

I'm an investor as a another source of income. 

I can try if I can find a source to finance the entire project, including the fund to purchase the corner as well. the problem here is the discussion with the city will be very preliminary, as it is the best I can do without having the actual ownerships of all properties involved.