New to the Game, where to setup an LLC

[Matt Waggoner]

Hello All, 

After months of research and listening to podcasts I am finally in the stages of closing in on my first deal.  It could still fall through, but at this point I am looking at 2 buildings with a total of 4 units producing about $600 of cash flow per month after cap ex is considered. 

I currently live in Michigan near the Ohio border. The properties are in Ohio, but my plan is to purchase more units in the future that may be in Ohio or Michigan. 

I want to get organized from the start, and having an LLC I feel is a good way to go. I am just not sure where is best to file the LLC being that the income will be from Ohio, and I live in Michigan and plan to purchase units in Michigan in the Future.

I am planning on my own property management at first, but may contract this out later. I plan to have the income from the units deposited into a business account in Ohio and pay the Mortgages(in my private name b/c the LLC has no income yet) from that account to start the process of showing money on the books with income and expenses coming out of that account. My loans will be through a bank in Ohio.

I appreciate any advice people can give me. 

TIA

Matt