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. 

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

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).

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

Still need to close on the property because I have already put 18K downpayment and then work with city on split process.  

Renovating a 3-unit townhouse sounds like a great project.How’s the process going so far? 

And using the process buy a new property or properties that you also intend to hold for investment use.The issue for you might be that you purchased this property with the primary intent of selling. 

Plus, it allows you to offer the sellers a streamlined process without coming across as too "salesy," since you're focusing on solving their problems in a way that's beneficial for both parties.

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

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