Investing Across Multiple States

[Bo Goebel]

What state should I start my investment LLC in? Is there any issues with an investment company in "x" state can buy property in "y" state?

I have one investment property in Tennessee, live in Virginia, and just went under contract on a property in Indiana (where I am actively searching for more properties). I am active-duty military and my legal state of residence is TN.  

I'm not necessarily looking for specific legal advice, as I realize this is a specific question that needs to  but looking for conceptual information on the topic. Thanks all.