What happens if we go into a deep recession, (Which is never out of the question) and you lose your job?

I have cultivated a deep knowledge of the title and escrow industry through 17 years of hands-on experience.

@Miller Josh 36 grit start, take off all the finish, stain, scratches and deep scrapes you can.  

So now your in deep doodoo and the bank intends to foreclose.

Put out this opportunity in the investors marketplace in the dashboard.Type of property,asking price,potential home value after repairs,etc.You could get several deep pocket cash investors competing to be your partners and willing to take a smaller percentage of the profits than others.Good luck to you!

@Karl JohnsonTake a deep breath!

If things go well, we will look into purchasing a rental for the LLC every couple of flips to generate more income for the business.This is my question: Should we put pause on the LLC/business side of things and just do the marketing and see how things go with the first deal or 2 before we jump in too deep?

As for the rest of your questions, without drilling down to deep into the details which I am not sure this is the forum for, the processes are quite simple actually once set up right. 

I failed to explain my whole strategy which does target the tax delinquent out of state owners of raw land who will sell at a deep discount to me.

A few people I've talked to find luck in the central Valley, deep in the ie, and desert communities.