Newbie - Getting started and need help with setting up LLC

[Umang G.]

Hello BP community - I have been following BP forums and podcasts for a couple of months and am ready to make an investment in a rental property. I am looking to set up an LLC and use that to buy rental properties to limit liability issues. While I am doing my research in terms of hot markets to invest in, I was wondering how do people decide which state to set up an LLC in? From reading various forums and watching LLC university videos on youtube, the most common recommendation is you should set up an LLC in the state you will be buying the property. However, in my case, I don't know yet which state I'll be buying the property in as I am keeping an eye on multiple states. Also, I live in NYC, so the home state is not an option for me due to the publishing requirements. Appreciate if someone can guide me in the right direction.

Also note that I'll be investing with two other friends, so that's another reason to have an LLC from partnership perspective