I'm not a tax advisor (see your own personal tax advisor/CPA), but don't forget to take into account the new tax law is not supposed to allow for deductions for HELOC's any more save for a few circumstances.

They can't discuss their clients accounts so it will take you weeks trying to get over that hurdle even with a signed form from the seller allowing you to discuss it.

Not that you need one to do the work but if you don't have a degree in business or accounting you will need some help.Good Luck!

If you compare it to a savings account, it looks completely different.The average flip is turning in $20-30k out in under a 6 month hold on 100k-125k investment.  

The administrative headache of having to keep extra bank accounts and tax returns isn't worth the extra headache, especially given there isn't any case law to actually uphold the validity of what the Series LLC is trying to accomplish. 

I deposit it in that account, but sometimes there's issues with getting lost in the mail etc, so I am looking to streamline that process while still being able to get the payment in the LLC account.  

If you had 200k in cash in the bank account.

I am about to start taking my license classes and studying for the test.

Account ClosedI've had good success in Prince George. 

You can't deduct them as expenses since the properties are not in service.You should speak to your accountant about the $$$s.