Good luck.2nd comment- Why are you selling?

#3 Sell and invest elsewhere.Condos add risk. 

And even if I do not get into the renting business I can make some profit if I decide to sell the property at some point.

Most common scenario I see is "should I sell?"

And you don’t have to pay it back when you sell, you do an exchange.

They find properties and approach Sellers and secure a price, then they seek out an end Buyer (you) and sell it to you at a higher price. 

If you ask a banana farmer if bananas are good for you, he will tell you they are absolutely necessary to a healthy diet . . . and he happens to have some he can sell you.You asked if you need an LLC.

It's a bit burdensome and can make many sellers of such properties nervous since they often don't want to tell their tenants they're selling in case the deal falls through. 

He gave me the owner's number (Jeff) and I called him on the spot, hoping to be able to offer my services to help him find and sell more homes in the neighborhood.

And don’t sell yourself short—getting started as a bird dog is a smart move.