@Eric YuThere are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

Please send me the details of when your group is meeting up next, would be great to meet like-minded people in NM.

My brother does not have any interest in the property any longer so we will be buying out his interest (we're working on the details with him).

All the documents need to be uploaded in the accela https://aca-prod.accela.com/COC/Default.aspxMore Details can be found on the city website.

It's great that you're already digging into the details and considering the BRRRR strategy.

Once the rehab is complete, the loan just converts into a regular mortgage, so no need to refinance and no second set of closing costs.As mentioned above, you haven't posted a ton of other details, so there may be a lot of variables, but I did a deal as a buyer in this fashion in the past.

If you have any more detailed questions, reach out.

There's a lot of detail in implementing this, I only mentioned the general idea. 

You are creating a roadmap for analysis paralysis.

Definitely get multiple quotes to compare, but also check out their previous work, especially for the type of renovations you're doing.For managing renovations, having a detailed plan before you start is a lifesaver—schedule, materials, and budget.