Additionally, you may find that the pressure of the hard money loan will cause you to go faster and make poor decisions, or life could happen, and you could be delayed in completing the rehab.  

However, the property has been having delayed capital upgrade or proper maintenance for a long time.

Pacific Modern Homes is a great example - we built one of their kits in the 1990's and it was beautiful/ really minimized labor and scrap onsite.

The licensing costs are minimal can offer flexibility to your buyers.  

(We need solid property values)Doing them individually gives you the flexibility of refinancing one or selling one at a time without major delays or penalties.Just keep the properties in your name for now and close the loan in entities name, no point in spending the time and money prior.I hope this provided some clarification for you :)

Quote from @Brandon Croucier: Close fast, stay in comfortable LTV positions is the name of the game.Absolutely, staying in a strong LTV position is crucial for minimizing risk, especially when moving quickly on deals.

The creation process can be completed relatively quickly, and would not delay the property purchase.

The seller can minimize recapture by allocating more of the sale price to real property instead of personal property.

I've had it to where section 8 was delayed on that rent change even with the proper 60 day timeline and they back paid the rent to me based on the adjustment.

By using the proper insurance and the right legal entity you can eliminate or minimize any threat by lawsuit to seize equity in a property.