Sara maintains a California business bank account and secures financing in California for the LLC’s Texas investments.

Since the start of the year, I've read a handful of BP books:- Rental Property Investing (Brandon Turner)- How to Invest in Real Estate (Brandon Turner/Josh Dorkin)- Investing in Real Estate with No (and Low) Money Down (Brandon Turner)- BRRRR (David Greene)- Multifamily Millionaire Volume 1 (Brandon Turner/Brian Murray)- Start with Strategy (Dave Meyer), currently readingI was thinking of using the equity to BRRRR small multifamily properties and combine some concepts from both the BRRRR and Multifamily Millionaire books (specifically making cash offers via HELOC to secure distressed properties, ideally vacant to set market rents).

Handling Maintenance requests and emergencies, Handling tenant disputes, Ensuring the tenants are properly insured (if you require them to), Marketing the property, Screening applicants, Handling the security deposit return, and a whole lot more. 

I’m a real estate broker located in San Antonio, TX getting into land flipping.

Most lawyers have said this is a security and I need a syndication, but most accountants say they set up LLCs that way all the time...

Despite these attractive features, I've encountered challenges in securing qualified renters, as the property has been on the market for the past 30 days.

It sounds like at least some of the charges to your security deposit might be valid. 

It depends on various factors, including your experience, market knowledge, financial situation, and the specifics of the property and location.

I don't know how long you lived there to accumulate the appreciation and equity, but it's probably located in a solid appreciation area. 

We secured a comprehensive plan for renovations, including a quote for necessary foundation repairs.