I would do this whether you choose to bring in the town/city no matter what.

If you choose, you may indeed take your business else where but we value you as an investor and would very much prefer you to trust us so that we can continue to manage your property.

But do banks sometimes change their minds and choose to sell and start with super low bids?

When we buy a new property we give any month to month tenants the option to sign our new lease or to lease (and they get the correct amount of time-based on what state it is in if they choose to leave.

In that case I would choose the HELOC with the stipulation that the reno will increase rents high enough for the extra income to pay off the HELOC within 2 years time.

That will help you choose a market as well.How much of a down payment do you want to make?

You choose your own GC which needs to be approved and repairs are done after closing.

Investopedia has great videos that describe concepts for beginners.

I came across a video that you can form an Manager Managed LLC (well call LLC A) in another states such as Delaware in order to be more anonymous when it comes to asset protection. 

It seems that Brandon Turner mentioned in his YouTube video  Enid being the best cash flow city in the state of Oklahoma.