I literally hear about it all the time but am just looking for some clarity.

I'd love to help you with some of these questions and bring some clarity to the correct order of operations!

I believe series LLCs are legal in TX so we need more clarity or is there going to be 3 separate LLCs?

Then, after some education and consideration you will have the clarity to decide how you wish to move forward.

You can look up the national and state safe act for more clarity.

Can you clarity a few things?

I specifically asked about using the HELOC to purchase an additional property because I needed clarity on their term language "Purchase money transactions are NOT PERMITTED under this program." 

I would like some clarity on that.

It means different things to different people and to different companies.Understand though, that a turnkey provider is in the business of acquiring, renovating, and reselling ("flipping") properties as their business model.They may or may not keep some of those properties for their own personal portfolio, but that's not the purpose of their core business.Realize that there are quality turnkey property providers in many markets around the United States and their existence lends itself to the fact that there is a need for their product and service because investors with limited TIME and RESOURCES need and want it.I can say this with absolute clarity because we've been providing investors with turnkey properties for almost 12 years and our typical client is someone who needs guidance in a new market to build their portfolio of income properties.Regardless of how an investor chooses to build their portfolio, they must conduct their due diligence at every level.  

@Linda CooperCould you provide some more details, I'm happy to help, I could just use a little clarity!