LLC and Business Line of Credit

[James Fischer]

I'm wanting to form an LLC to begin purchasing SFH's to then BRRRR. My plan is to show my W2 earnings to obtain a line of credit from a bank to then purchase properties with cash then move through the BRRRR process to eventually refinance.

Does this plan make sense or seem reasonable?

Does the bank I obtain an LOC from have to be in the same geographic area as where I plan to invest -or- can I obtain a LOC from a bank near me although I plan to invest out of state?