Getting an LLC in place from the start can provide peace of mind and give you a chance to familiarize yourself with the process before expanding your portfolio.

And I provide solid returns for my private lenders in the process.

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. 

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

It is just a reality how many PMs have no idea how to process claims and have close to 0 systems to protect assets for business owners. 

If so you could pull equity out to begin the BRRRR process.

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

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

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

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).