LLC Appropriate State Filling

[Luke Lawrence]

I am a resident of AL. I am planning on buying a STR property in FL. Should I form my LLC in my home state of AL or should I do it in FL where the property will be?

I’ve asked my lawyer and accountant and there wasn’t a best way to do it.

The lawyer advised if I will be collecting rents in FL I will also need to set it up with the state as a foreign company. I feel like if I set it up in AL I’ll have to pay the FL fee regardless every year and do the extra paperwork. Any help will be greatly appreciated.