Advice on starting an LLC

[Eric Winn]

Hi all, curious to gather some advice on forming an LLC for my rentals. Hoping to gain some insight as I know there are a lot of folks on here who have gone through this process successfully and come out well on the other side. I currently have 4 investment properties (2 in MA and 2 in TN) and trying to expand. Current properties are condos and SFHs. I should mention that I live in MA. Looking at moving into MFs before the end of this year, but also at least 1 more SFH before the year is out. I will likely expand to at least 1-4 additional markets in the next 2 years and will need to plan for that as well. In that timeframe, I'm also aiming to get something that is north of 4 units and from I'm told, this would need to be be held by a separate LLC since it would be considered 'commercial'. I'm looking at basing my LLC in Nevada most likely, but am also looking into Wyoming. Any advice based on experience and what to ask about would be greatly appreciated. Glad to provide more info as necessary. Thanks folks!