If you are the kind that polishes the bolts under the mainframe of your car for "maintenance" and to keep within the warranty of the vehicle, you are a good candidate for having an LLC.

I'm trying to decide how/if I should jump to a much larger real estate vehicle(ex a small apartment complex) where the depreciation would perhaps offset a much larger amount of my income.Current challenge: I only have around $50k cash on hand.

@David Starr, The 1031 exchange will be your vehicle to indefinitely defer the tax on that sale. 

What impact do you think the migration towards electric vehicles and ride-sharing will have on gas stations assets?

Via assignment, double closing with borrowed funds (transactional funding), or by having your buyer in place and using an entity or trust as the vehicle to wholesale it?

One has 3,000 and the other has 17,000 vehicle traffic.  

From what I have read on the Mississippi DOR site, the transaction is similar to a vehicle (car/truck) transfer which would just be a simple transfer of title. 

Disclosure- No matter what vehicle you use in a short sale flip, you must disclose.

Life style, leveraged assets and borrowing for depreciating assets, excess vehicles, toys and other financed properties says more about someone than how they speak, act or dress.Liabilities are viewed as obligations and contingent liabilities or debts they might incur if plans change.

There are much better financial vehicles to invest in.The smart money buys term life insurance and invests the rest.Oh, and one last thing for the OP, as an aside from EIULs...