Look for advice on forming an LLC

[Mikhail Abbott]

I am looking for some advice on starting an LLC for an out of state sfr rental I have in texas. Through my research I am finding that Nevada and Wyoming seem to be the best states to form in.

Looking to create a relationship with a RE attorney, so any referrals in any recommended states would be appreciated.

Does anyone have any preference on which states offer;

best protection

Lower start up fees

No or low state tax

Low annual renewal fees

Thanks

Mikhail

[Sean Morrison]

@Michael Plaks is correct. If you're holding property in a state, you should have a local LLC. You can always have a fancy New Mexico holding company on top of that, but you'll want something local to hold the property (which, by the way, will erode your anonymity since you need to put names down for a Texas LLC). Either way, you have to pay Texas for doing business there, plus the fees for any other state you're registering in.