Start an LLC for the sole purpose of getting a HML?

[Wei Jie Yang]

Does it make sense to start an LLC in a state you have no property in for the sole purpose of getting a HML for properties in that state to either fix and flip or attempt a BRRRR at? I currently have properties in a few states (Ar, AL, MO) but I want to start either flipping or attempt my first BRRRR in Indy. I've talked to a few HML's. A few are willing to lend to me and a few are willing to lend to only an entity.

Should I create an Indy LLC to get a HML loan? Would a Al, AR, MO LLC suffice for HML Entity requirements? If I were to use an OOS entity, would I have to register it to Indy if I got a HML for a property there?