Wholesaling and creative financing sound amazing right now too.

When I get enough experience, I will feel better prepared to lend out some advice too, but for now, I am in learning mode.

I m preparing a list of additional questions to ask and document to require before I submit my offer.

Creatively?  

Be prepared to hear alot of no's but if you have a great credit score, personally qualify for a loan with verifiable income and tax returns, you should have no problem getting a loan (it just depends what terms they will offer).

I do know thatone has to be very creative when selling this type property.

Are we seeing what happened to Berlin in Germany over the years with creative people moving into the area?

With the Medicaid aspect, we'll need to get an inspection/appraisal to get creative to drive the price down low enough, but I think it can be done.With a bit of remodeling and repairs, I think it would raise the value to around $140k as that is what the other houses in the neighborhood are selling for or more. 

Prepare yourself for this mentally.

I'm not anywhere close to owning multiple properties, but in preparation for this goal one day, should I plan to have a certain number of properties before creating a LLC or does it make sense to create one whenever we move out of our first home and make it a rental property?