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That's correct bof: the family of all independent sets of some graph $G=(V,E)$ does form a flag complex. On the other hand, given a flag complex, I would have to think about the question whether there is a graph whose collection of independent sets gives back the edge set of the original flag complex.
Good point. For finite $V$ there is always a strongly minimal cover in the setting above. So if there is an example without strongly minimal cover, $V$ must be infinite.