Establishing an LLC for OOS Investment Properties

[Kristen L Garner]

Hi everyone. I'm a resident of Los Angeles, CA and I plan on purchasing rental property in Indiana. Where is the best place for me to establish an LLC? I have read about creating a LLC in the state I plan to do business in (Indiana) versus my state of residence (California). I have also read that Nevada and Delaware (specifically the Delaware Statutory Trust) have advantages especially for Californians, but I'm not sure if these apply to out of state rental properties? Any help would be greatly appreciated!