If I were you, I'd start networking with others in your area to see what's normal, expected, and what are the main hurdles that investors near you are having to overcome. 

My main question is why did you get a 2nd LLC and not just foreign qualify the existing one unless you wanted to protect them from each other? 

The main difference that is there between the two though would be tenant laws and rental inspections as they are in two different counties.

Make sure the numbers work, that the ARV is reasonable, that the repair estimates make sense, that you factor in the buyer's profits and costs, and you should be good. 

@Daniel Sabato There are so many other factors which impact the loan process not just down payment.

Needs a lot of work, but I’ll live in the mother in law and rent out the main house (House Hacking).

My main goal is to keep all transactions relating to the rental property separate from personal.

I'll be starting my full time investment business (mainly fix/flips) in mid-August.

Now you have to weigh how long it will take him, vs waiting for someone else to be able to get there and finish it, then factor in the added cost of the new crew vs what you're losing in revenue waiting for him and see which one works out better financially.

The same cash put somewhere else reaps the same benefit.So here's another thought for you - Since cash flow is going to not really be a factor on these and since you have decided to hold on to one.