How are they employed without one?

Another option is to go interest only from a private source at 7%, same 1M loan on the asset, highly flexible and no additional fees as we have already got the construction loan in place on title.Currently leaning toward the private option, it could,  based on flexibility, allow me to improve my balance sheet and down the road approaching other lenders to get more of a residential type product given the property has 3 titles, rather than pursuing a blanket type loan through the commercial office.Downsides of the private loan include the interest only payments don't allow me to amortize the building, and the rate is higher.  

I was thinking of taking one of the properties and refinancing so I could do an additional purchase and possibly flip to generate cash. 

@James Miller Yes, I know you have to use the available section for additions or add an addendum to the base form to make a series LLC from the standard form to file with the state.

This RE company says that they provide additional training and they want me to sign a contract to be an agent with them.  

If the LLC is involved in the management of the property it may be able to be listed as an additional insured. 

Yes, this can be a huge time saver especially if your jurisdiction considers this an "addition" instead of a "new construction" which generally makes it easier and faster to get a permit.

My credit is 750 & I have cash but I’ve also been a self employed Broker for the last year & a half.

I would try to get an optional 15 day extension with additional EMD, if possible. 

(Self employed general contractor, income low on tax returns, but own house worth $1.2 million, no debt)Would love other opinions on this, not just our realtor’s.