Forming an LLC out-of-state or in the state you plan to invest

[Kyler Lopez]

I'm a new investor and I live in New York. I haven't purchased a property yet but I'm looking to invest in multi-family residences around the Springfield Massachusetts area using the BRRRR method. I need to form an LLC for my first purchase, but I'm not sure whether I should register my company in-state or out-of-state. What are the pros and cons to forming an LLC in the state you plan to invest in? Does it matter where my LLC is formed?

Any input is appreciated, thanks!