But now I think I'm ready to take that next step and put things into action.

I'm not sure it's so straightforward to put a room in your primary residence into an LLC but at the same time worried about the risk exposure if I don't - any thoughts on the pros and cons of either would be appreciated!

If she puts up a fuss about where she will live, tell her she can shack up with one of her drunk friends.If she doesn't want to leave, then hit her with a formal notice of termination and start that process.

We have a great team put together in Greenville SC where we all live and this provides a great competitive advantage to us. 

Everyone has been scared the crazy state was never going to put a budget together and eventually the schools were going to have to shut down because they had no money coming in.So this may very well be a good time to buy as some landlords in college towns may have seen a decrease in vacancy and might be spooked. 

Moving forward we are exploring possibly combing households due to the large size of the property and the difficulty of upkeep but there are several questions/ issues that need to be addressed so it does not put either of us in a compromised position.When her husband died a friend paid off her mortgage due to it going into foreclosure ( 210k total).

@Pepper Bradford put me onto spotcrime.com

Rather than spending all the money to furnish the unit for it not to be successful... and have to sell or put all the furniture in storage and create another expense. 

If your agent isn't knowedgable they can over or undersell you and that will affect your costs.An umbrealla policy was reccomended to me by my agent (a family member) and in general I think it is a really good idea and usually a  pretty cheap option for risk mitigation.I don't have a specific company to reccomend but hopefully this was helpful.

I think a bigger risk in the short term is for the more up and coming areas like Ashview Heights where we’re starting to see some activity, but it’s not as developed as parts like Adair Park for example.