FL resident buying property to rent in IN

[Steven Virgil]

Hello. We are looking to purchase our first investment property for short term rentals in Indiana. I currently have an LLC taxed as S Corp in Florida for a non-real estate company. We are trying to determine if we are better off creating an LLC in Indiana or Florida for the rental property. Obviously Florida would be the preferred choice if possible due to the lack of a state income tax. Additionally, we are still weighing the pros and cons of mortgage vs cash for the property.