Quote from @Julian De la Guardia: Look, I get it.. you’re standing at this starting line, itching to get your first.... or next.... investment rolling, but all the advice floating around feels like someone’s reading off a stale script.

My Borrower moved his company to Delaware making it an LLC there which makes me a bit worried that he might try something and try to get out of the loan by splitting the llc .

You can have them tied back to a Delaware or Wyoming LLC which has the most anonymity. 

depending on where you are in NJ you might have the Lehigh Valley in PA a couple hours away, or Delaware, etc. you can go to meetups, see places in person, and start to build a network.

Additionally:Is there a specific state where it makes more sense to establish the holding company (now that anonymity in states like WY or DE isn’t the focus)?

Vincent de Paul challenge program and are looking for housing that's willing to work with the program.

My Borrower moved his company to Delaware making it an LLC there which makes me a bit worried that he might try something and try to get out of the loan by splitting the llc .

This issue alone kills many HUD dealsYour agent must fill out the request form and deliver it to the FSM with the required $$$ to de-winterize. 

Repairs would generally be for costs <$2,500 using the de minimis safe harbor. 

At this point I'm trying to figure if I should try to bring in an experienced partner to de-risk this build out or scrap the plan altogether and sell.