You create LLC for asset protection and has nothing to do for writing off expenses.

You can 100% create simple systems with free technologies and run your unit efficiently. 

Borrowing against your 403(b) would avoid penalties, but this is unavailable if you’re no longer with the employer.This post does not create a CPA-Client relationship.

Remember, not all off-plan deals are created equal, and the right approach takes experience, research, and the ability to think long-term.

If everything goes right I will be able to refinance and will have created 25% equity, or I may end up having to bring $10-20k to the refinance to get the 75% LTV depending on the appraisal, but even if that's the case it's still a great deal.

Last year we created a masterclass for helping ordinary people become the Local Developer in their community so that you can be empowered to do your own deals.

My wife and I are creating our 1st buy box but it's not ready yet.

I think that losing the HELOC should create a little better cash flow but at the very least it will put some stability into my debt service. 

Alternatively, consider a cash-out refinance to access equity without triggering capital gains or explore a 1031 exchange to defer taxes by purchasing another investment property.This post does not create a CPA-Client relationship.

Some CPAs will tell you to create a new LLC for every property because that means more business for them. :) Having more than ten bank accounts is excessive, in my opinion.