Operating within California means you’ll need to register any LLC conducting business in the state, regardless of where it’s formed.

You're a business owner now nothing wrong with that.   

I've never seen such a mismanaged business.

I wish you the best of luck building your business on another platform.  

However, this is not a cash out refi.Cash out refi is when you refinance an existing loan, with another one (i.e replace the loan) where there is enough money left over at the end of the process where you can put some proceeds in your pocket.When it comes to your strategy - just make sure you're being conservative with your numbers on the purchase / rehab if you don't plan on using other proceeds to payoff the HELOC. 

Binghamton is starting to see new business coming in too.Where I live Ithaca, NY prices are going through the roof.  

And to use all of the net proceeds in the purchase or purchases. 

But I really see this as just business-  I want the best market I can get into. 

Just my personal opinion - get a mentor or a person who already has good experience running STR business, preferably in your area (but not 100% required). 

Investment Info:Office Space commercial investment investment. 100's of completed projects, JC Beal Construction is nearly 100 years in business, Beal Properties manages well over 2000 doors all throughout Michigan and the Toledo, OH area.