If you plan on transferring the property into an LLC (which I agree with @Jonathan Klemm, is not always necessary or recommended) then you will have to register is with Indiana at inbiz.com if you did not form it in Indiana. 

Burlington, Camden, and Gloucester counties are the main areas I’ve been searching since I need to stay closer to Philadelphia.I plan on living in the property for a few years and renovating since I have a lot of experience.

Running a syndication is not something you can just wake up and do one day or take a course or spend time with a “guru”.

Although some plans allow you to have up to 3 billable users (within the same company), you may need a separate acct for each company.

Whatever time you spend learning the pros and cons, and getting professional advice before you make your offer to buy them will be money and time well spent.Good luck on your journey!

Good morning Ashley, It depends on what you plan on using the HELOC for.

Thanks for your interest though, but you wouldn't fit into the plan.

I am planning to perform a cost segregation study on the STR's I have purchased to take advantage of the bonus depreciation rules currently in effect to offset the tax consequences of leaving some $$ on the table coming out of my 1031 exchange.

I plan to buy, rehab and refinance.

The type matters and their plan on acquisition and exit strategy.