Key points include:Security Deposits: In Indiana, there’s no legal cap on security deposits, but you must return the deposit (minus any valid deductions) within 45 days of the tenant vacating the property.Evictions: Follow the formal process carefully.

The process has been difficult and stressful and we almost gave up a few times. 

Getting an LLC in place from the start can provide peace of mind and give you a chance to familiarize yourself with the process before expanding your portfolio.

If so you could pull equity out to begin the BRRRR process.

Still need to close on the property because I have already put 18K downpayment and then work with city on split process.  

Though, this process will be the same for the other state (if you created a CA LLC you may need to register it as a foreign LLC in the state in which you are doing business/holding property).

Renovating a 3-unit townhouse sounds like a great project.How’s the process going so far? 

Thanks again for your input, and I'll probably reach out as I get further along in the process.

I'd say start the process of securing your HELOC if you havn't done so and spend time analyzing deals and determining what type of investor you are looking to be. 

And using the process buy a new property or properties that you also intend to hold for investment use.The issue for you might be that you purchased this property with the primary intent of selling.