The terms on the debt look good.

Just a heads up for future reference.

This can range from as little as $12k up to $150k.

That to me is the simplest deal structure and the least "risk to you" as you aren't waiting for the final home to complete to be paid, as I understand it most construction loans close on the "dirt" up front....although like everything in real estate its infinitely negotiable and changeable.  

There are benefits to using the LLC, holding company, or trust, but they all come with costs and add complexity to your life that is often unwarranted.

Unless you come from a corporate job that is involved in this field, it is not a place I recommend to start.

The other option would be going to local investor meetups and asking those who attend for good references. 

Quote from @Robert Frazier: Quote from @Austin Wolff: During my day job of Market Analysis here at BiggerPockets, Boise, ID consistently comes up as one of the best markets for real estate investors.

Consistent with the advice of @Jo Bradley , if I could get through the first couple years financially, keeping current home seems a lot easier than long distance investing...and at least I know what is wrong with my current home (I.e it will eventually need new roof etc). 

You don't have a great case for a tax appeal here because it looks like it was upped based on the renovation and improvements done prior to you buying it.