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

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

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

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

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).

Mortgage recasting, also known as re-amortization, is a process that allows homeowners to lower their monthly mortgage payments by applying a lump sum toward their principal balance.

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

We have created work instructions for every step of the process so we can maintain consistency in how we evaluate properties, communicate with tenants, market our properties, handle rent increases, manage property turnover, etc..... 

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. 

First time in 3 years we have had to file a claim with over 150 airbnb stays. Guest left all windows and door open in our cabin in -15 degree weather when they left causing a frozen pipe. Left the place destroyed and ...