Hello All,I have purchased my first two rental properties in my name, but have since decided to operate my business as an LLC going forward for liability reasons.

This seems like a reasonable idea given that I could turn a $500K property into a $1M property for $750K.

Haha that's absolutely true, thank you very much for the input.

Any reason that's logical in any other transaction doesn't mean its a bad or negative property.

True, some turn key companies put big mark ups on their properties and sell them above market value, however, turn key companies that allow financed purchases and allow for an appraisal contingency can't do that.

I believe that the reason some say it's illegal is that there is a general "nothing is allowed" approach with the municipal code unless it is specifically allowed. 

Main reason is we would like to buy a house given the growing family but need to make sure we have enough equity in it from the rehab to resell again within a year (or just over) should we have to move (which is a real possibility).

There was a chance someone could have sued me personally if they felt I was negligent during those time periods for doing them wrong for whatever reason.

Are there any reason i should NOT do this?

I'm currently reading the book on flipping houses, but it would be nice to have a mentor so I can understand the true ups and downs of investing.