LLC - Business Plan Advice

[Peter Erickson]

My wife and I inherited two properties, one in GA and one in NC. We launched one on Airbnb and we are fixing up the other as a LTR. I would like to create an LLC and transfer both properties into the LLC along with a cash contribution for working capital. I want to separate these and future properties from our personal assets. Both properties have no mortgage and we have FMV appraisals from the date they were inherited. Other than setting up a domestic and foreign LLC due to properties being in different states, transferring the deeds, and opening business bank accounts (and funding), what else needs to be done?

I'm active duty military stationed in NC. Should we form the LLC in GA or NC, or another state altogether? Does it really matter?

Our long term goal is to establish our business over the next couple years (generating income history, credit, credibility, etc.) before I retire from military service and transition to full time real estate investing. 

Thanks in advance for any advice!