Again, that is very high level and needs to be analyzed properly with your advisor. 

Florida’s state level regs are a whole different animal to deal with as well and I can’t claim to be an expert on those (I specialize in every other Gulf state and the Great Plains).To make things worse, a judge in AZ just struck down the current interpretation the Army Corps was using to define what wetlands they had jurisdiction over.

When you walk in it, it feels like your in a normal bathroom anywhere else in the home, it's that level of finished.

Otherwise yeah, on the state level, I have done the same, child LLC owned by parent LLC (parent listed as a member in the child state docs).Thank you!

Having a lender on board before you start shopping will definitely help your stress levels. 

You're trying to argue that we should make it more comfortable to be an addict or a crazy person who don't take their meds because everyone deserves a certain level of comfort.

So ensure you able to pay your mortgage at the higher level while putting aside reserves for capex, vacancy and repairs.Here is the other kicker as well.

Also moving around walls and opening up kitchen is okay for a higher price level flip but for a rental it won't pay off, and you will likely add on some delay and increase cost as you will likely need a permit to open up walls. 

I think that it really depends on your comfort level, strategy, and market.

I also just see this as a trickle down to state and local levels.