Transitioning From Rentals in TN to Flips in TX: LLC/S-corp Q's

[Leslie Beia]

Hi All! I lived in TN briefly and bought several properties there that I manage as STR's, and have a 3rd in MI. They are all currently in my TN-based LLC. I moved from TN to TX and have started flipping. My plan has been to transition out of STR's as I'm getting burnt out, and into flips at least for a while to build capital for longer term, passive investments. I am solidly on that path but need to get my business structures figured out to reduce my tax liability as much as possible. In 2024, my plan is to complete 2-3 flips in TX (already have 2 going!), 1031 my 2 TN properties into a BRRRR duplex in TX, keep my MI STR, and possibly start doing some flips in Detroit as well. Basically, I'm getting all the way out of TN, and doing all my business in TX and MI. Questions:

1. I assume it makes no sense to keep the TN-registered LLC after I sell the TN properties. Do I just start a new one or is there a way to transition to a new state? Does the 1031 process affect this at all??

2. I know I want to start an S-corp now that I'm involved in active RE. Do I need the new LLC 1st THEN the S-corp, or is the S-corp stand-alone?

3. Are there any considerations I should look at when deciding if I should base my LLC/S-corp in TX vs. MI?

4. My current flip is in my personal name- long story, the original plan was to hold it- but I'd like to get it under the umbrella of the S-corp when that's set up, is that possible?

5. Am I at a point where I should have an attorney or other professional oversee and set this all up, or is it still simple enough that I can do it myself online? I have a great CPA already. 

Thanks so much for any guidance!