You have to reconcile how to establish basis and you need a good system for tracking expenses and income.

After having done several dozen deals myself, I am just now doubling down on establishing my target market and Avatar.

Many things contribute to this but high on the list is conservative appraisal, not high cash out LTV, the competition for good candidate BRRRR properties is high so getting it with a lot of meat with respect to ARV is a challenge, labor costs are not cheap, etc.  

To establish a credit history in LLC you might want to get a credit card in the business name.

With respect to the covidence, conditions & restrictions, what landmines may surface during the flip?

Establish your business goals, see if the neighborhood aligns with those goals, do your homework, understand what you are getting into and underwrite accordingly.  

Good to have decent relationships with all the folks you interact with, not best buddies, but respectful, honest business relationship.Treat it like a business from the start, best of luck.

You cannot invest in real estate via your run-of-the-mill retirement plan at work or a regular traditional or Roth IRA.You can roll funds over between retirement plans (depending on your current employment status in some cases) but there may be tax consequences if you're rolling over a pre-tax account into a Roth vehicle.Also, if you envision leaving the workforce in the future, you can still have a 401(k) - provided that you have self-employment income, you can establish a Solo 401(k) or a similar QRP.

I’m worried as even if the property management company is established and professional I want to have greater control over my money and I don’t know what they do with it or whether or not they underpay me.Do property management companies allow the owner to have rent payed into their bank account preferably via an online portal like Buildium where both can manage operations and then the owner pays the property manager their management fee.

I would try to communicate with your tenant and see if you can perhaps establish a payment plan, they can file for unemployment or seek rental assistance with any local agencies in Indiana.Good luck!