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Team Structure for Multiple State Investing
My partner and I just purchased our first rental property by Fort Drum in upstate New York. The property is in his name as a house hack with a VA loan. We are looking to purchase a second in another state (DE or PA) and we think down the line when the second property is purchased we would like to incorporate all our properties into an LLC. We'd also like to get a CPA to assist us with itemized deductions on the property.
How do you recommend we structure our CPA and lawyer if in multiple states? Should it be one team per location or keep the properties and team state specific, or a mix?