Setting up an LLC in NJ

[Nick M.]

Made an offer on a REO property in southern NJ. See my other post on that....would love feedback: https://www.biggerpockets.com/forums/48/topics/520...

Considering using hard money lenders. Several of them require an LLC. I have a rental property but it's in my name, not an LLC. That property is in NC. This would be in NJ. I understand the benefits of an LLC. Any disadvantages? Any upside/downside to creating an LLC in NJ vs. NC?

Thanks for your help!