Plan is hold long term.

Do not use the 140K as a down payment on a new rental you plan to hold for a long time.

. - Contractors- Capital providers: JV partners, private money lenders (PMLs), hard money lenders (HMLs)sFor additional context, are you going to be flipping and actually selling or are you going to be fixing and holding for rental income? 

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).

For now depending on the plot, buy and hold but zoned for residential, agricultural, and specifically the hunting areas 

This would be a good idea if you want to pull any cash out to buy another property.

I had no idea how to take an action on this, and the property eventually sold.  

Is the Wilmington decision holding up? 

My end goal is to relocate to TX and in the interim , if I can use this opportunity to hold on to one door as a rental property( my current home ), I would like to assess the financial merits and demerits of the same.

I can also maybe put a hold on his bank account using the judgment.