It depends on your contract and jurisdiction if you can force contract fulfillment or compensation of accumulated expenses in regard to the purchase.

This will likely inhibit your cash position and slow down your ability to accumulate liquid capital as you will expend a large amount on a downpayment, pick up a mortgage, and incur maintenance expenses that go with every homeowner.

It may take some time, but eventually you will accumulate your real estate empire.

I'd tell the would-be rehabber to accumulate some more cash.

If your goal is to accumulate more units why would you sell, just refinance and pay down your HELOC

Any advice on taking measures to mitigate certain risks, by way of let’s say an LLC, and also how to start the path on finding an agent to accumulate the numbers needed to research my area would be greatly appreciated!

I work a W-2 job 7 days a week while I pay off debt and accumulate some cash reserves before I get started.

So the time that passes from the first purchase to the fourth is a total of 6 years. 6 years to accumulate 12 units is pretty fast.

For me right now, my sole purpose is the accumulation of knowledge and experience.

yes but then I'm using my own money & wouldn't be able to accumulate as many properties as I want to.