Also I have a property in Vancouver WA as a rental that I am also looking at using the money for an ADU which cost 120k to build and should generate 1500 a month in revenue.

However, I am currently a college student in a co-op program which determines my employment.

The waiver of appraisal is solely computer generated. 

Our rentals are generating cash flow and I don't know where else I could match that.

Profit from a flip is consider active, ordinary income subject to "all taxes" such as self employment taxes and reported on SchC. 

So, I assume the intention was generate income. 

(I started my self-employed journey back in 1977 as a pool cleaner)

Of course I will continue to volunteer but as far as employment, I feel ready to just dive into real estate entrepreneurship.

LLC stands for limited liability company not corporation. do not setup a s corp for rentals, you might get hit with self employment tax. also C corp is not for rentals lol. tax designation for LLC for rentals is either disregarded or Partnership. please dont take advice of people on forums on legal matters. 

I am hoping that it can generate good cash flow as Spring, TX seems to be a renters market and being close to Exxon HQ and Woodlands.