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).

It is just a reality how many PMs have no idea how to process claims and have close to 0 systems to protect assets for business owners. 

I am currently in the process of identifying land for a purpose-built residential assisted living and memory care facility in Houston, TX.

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. 

We haven’t really felt the effects of it yet but I think that is mainly due to the timeframe it takes for them to process claims and emotions from the devastation.

Any insights would be greatly appreciated as I navigate this process. 

Everything you describe though is just the normal process of how taxes are reassessed when a property is sold.  

They couldn't get a construction loan and were constantly blaming the cities being tough on their permit process.

Alot of unknowns as you don't have the ability to walk the property beforehand, but interesting process, and pretty good deals exist there.While the Trustee Sales are cash purchases, there are many hard money options that can turn over the funds in time for the 24 hour funding required to complete the purchase.If you are interested, let me know and I can go into more detail, as well as make some other suggestions for you to consider.