An LLC or a corporation can be an expensive endeavor that may not be necessary and you may be able to use a good umbrella insurance policy. 

I am not an attorney nor a cpa nor an insurance agent but have a few LLC's.If your networth is  under a $million, this is your first few properties I would just buy it in your personal name, get great insurance on the property and have a liability umbrella.1.

My plan is to start small quads and go bigger as I build my experience, cash flow and equity. 

Last year I joined Bigger Pockets and started my journey as a real estate investor. 

We realize that this first one will not be a huge cash flow, but our primary purpose from our first purchase is to learn as much as we can before going bigger.

It will get me into much bigger trouble than just not making money from real estate.

Get the deed in your name from the jump and yes you absolutely need a limited POA.I've done dozens of subject to deals and it's really the only way I buy due to the huge advantages that exist but there is a lot of things that can vary depending on the circumstances that would take too long to discuss via bigger pockets so feel free to reach out if you want some direction and I can provide you with the forms I use.

Get a good public adjuster if you can find one.After that, you can either rebuild and have a new house, or just sale the land and go buy a bigger house or a duplex.

@Steve OwensWelcome to Bigger Pockets. 

Yes, your relative cash flow may decrease some by virtue of being responsible for a bigger loan amount, but you can use leverage to own more property for the same price.