So, when asking is Austin still a good place to invest, maybe one should add: relative to what other location.  

They're pretty organized, but expect annual inspections and some extra paperwork. 

You sound very organized for a first-time flipper so it looks like finding that mentor is paying off.

@Karen Margrave Im still interested in coming to the meetups that you were organizing.

It's no guarantee but it's a good place to start.

Businesses are “living” organisms with a life of their own, usually having deep meaning to their owners.  

Realistically, one checking account and an accounting system will meet all your needs and keep your business better organized than 7+ bank accounts.If you want to collect bank interest from excess cash, add a savings account.

What you need to learn in your 20s is how professional business works, how to manage people and projects, how to run an organization and how to sell ideas and concepts.

So those general expenses get categorized to the holding company as the parent organization.

If this is your first purchase, Remember it is also okay to pick your closest metro as a starting place.