I felt a huge load drop off my shoulders and since I have a professional service I know I have bullet proof records if I ever get audited by the IRS.I started out with spreadsheets and a seperate bank account and at some point bought QB and spent time with online courses to teach myself how to do this.

If so, I don't know if I would begin independently renovating a property further than a day trip.  

How it is factored in depends on the totality of the scenario. 

Hard money is pretty independent of normal requirements as you're just getting it from an individual investor, but it's usually a lot pricier and increases your risk.If you're confident in your construction timeline and in creating forced appreciation, hard money can be a pretty easy win, but it's definitely a lot more risk.

Devonte,Now is a good time to seek out a good independent agent for the Insurance.  

I currently work as a manager at a large accounting firm specifically doing IT auditing, but have been looking into making a switch full time to real estate.

@Will ParkerCall your agent or independent insurer and get quotes.

@Louis BaselIf the llc is disregarded for tax purposes you should be able not to pay rent as it does not change anything tax wise.However on the liability side you are commingling the llc asset with yours and it will be a factor helping to pierce your company veil.It is often recommended treating each entity as a fully independent business and to document activity between your businesses with contract and payments.

We are all independent contractors with enough time on the side to begin flipping houses which is our overall goal. 

@Matt Engle, my ultimate goal is to become financially independent and be better prepared for retirement.