@James Whitehead does your lender know you plan to tap HELOC for down payments?

I'm assuming you do not plan to live in the property. 

Here is my plan and then my questions below:1) I want to buy single family homes across various states with each home having its own LLC in that particular state.2) I want these various LLCs to be owned by a Wyoming Holding LLC for anonymity.Here are my questions:a) Is it really as easy as creating a Wyoming Holding LLC online (e.g. zen business) and then creating an LLC for the homes  in the relevant state (again using zen business as an example) ?  

I also open a solo 401K plan.

Do you plan on holding it for 10 years?

As a general rule we always use some kind of neutral color for houses we plan to sell, and have used a light gray many times with success.

Jumping in is very nerve racking and I'm trying everything I can to minimize my risk, but I guess I can only do some much planning before jumping right in

But realize that there's time involved to prepare plans for city submittal - that can be anywhere from an hour to a couple of days, depending on the complexity of the project.I usually eat the cost of contractor licensing for retail clients, but I might pass it on to an investor client.

Wasn't really planning on using an agent but he had showed me a couple deals and so was happy to go into this with him.

We just helped a Florida client with a ballon coming due at the end of the year on a jumbo refi, the borrower had some payment shock so we structured a ten year interest only payment since they plan on relocating within the net 3-5 years.