But I made sure to establish my team first before I decided to put offers out.

Also, established PMs I know don't like dealing with new property owners with no managing experience because they are often very unrealistic in their expectations.  

Just had another example of "no response" that triggered me re-reading this thread.....Luis, yes, I thought about this too, as many gurus seem to advise that people establish a buyer list first.  

Eliminate debt, establish a budget, and save.

With your resources, once you find the right property, you’ll be in a strong position to flip and build capital for future investments.When you flip, please talk to your tax advisor about whether you are ready for an S-Corp and/or whether you should operate under the same entity as a construction company.

 I would first look into the state website of where you'd like to establish the LLC.

If you’re confident in these numbers, it could help mitigate the risk.Exit Strategy: Your plan to refinance after construction is solid, but keep an eye on where interest rates are heading and ensure the cash-out refinance will cover the HELOC without leaving you in a tight spot.It sounds like you're on the right track, but if you're still feeling uncertain, it might be worth consulting with a local real estate professional or financial advisor who can help you analyze the deal further.

If you'd like to establish a holding company for your properties, I'd say an LLC of the state the properties are in is best.

@Gino BarbaroWe have worked with 2 well established commercial brokers last year and had no success. 

We so have a living trust, will, and advance directives (for medical decision), established in January 2020.