I immediately closed the CA LLC and didn't have to pay the $800 franchise tax since I dissolved within a year, hired a local Texas attorney to open a series LLC there (I have multiple SFRs).  

If we were to approve you at 85%, we would want you to bring your 15%, or in this case $15K to the table when we close on the $70K property and then we would escrow the $30K for the rehab to be taken by you in a series of draws as you complete the work.

Adapted from twitter thread📗📗📗Real Estate Investor Financing 101 Series: Cash-Out RefinanceCash-Out refinances are a valuable and oft-used tool by real estate investors to build wealth - but important to understand from your DSCR lender's perspective to know how to utilize them optimally!

Suggest you read the Rich Dad Poor Dad series of books as well.

Also expect that your career might be a series of jobs that are all related.You could consider a role in sales.

Time to wrap up this series.  

My wife was commuting 1.5 hrs each way to some contract work she was doing around a series of vacation/lakes in our area.  

There's no easy way to capture that stuff on a series of tiny photos on a web page.

This line of thinking alone is what the podcasts were placed here for and the webinar series provided by Brandon, which  serve to quell the fears of REI.

My general recommendation across the other 49 states is to use a Series LLC, and for several reason I use Texas to establish the Series LLC.