CPA Question: Tax benefits for LLC Location

[Eric Braxton]

Hi all CPAs/tax professionals, quick question. I just closed on my first 2 SFHs in Virginia. I live in New York. I was speaking with a lawyer about setting up an LLC in Virginia but he asked me this question

"Before we set up the Virginia LLC, you may want to speak with a CPA to determine whether there are any tax benefits or concerns with forming the LLC under Virginia law opposed to another state (like NY). If you determine that another state would be better, then we will need to register that foreign company with the Virginia SCC before you could conduct business in Virginia. "

I don’t have a CPA yet (in the process of finding one) so seeing if anyone here can help me with this question so I can keep things moving. Thanks in advance.