Based on what I am seeing on the Department of State website, in order to do this I'll need to be a licensed broker.

Looking for recommendations on states I can look into for a potential new investment.

Recently had a conversation with an MLO who had their license with Company A (NMLS regulated) and then on the side, this person conducted commercial-only business loan-related activity by starting their own LLC (company B) in the states where no mortgage licenses are required.

Getting a “real state” license is one thing.

Typically, I avoid using a series LLC in Illinois because each cell requires state registration.

Companies need robust infrastructure and a sizeable skilled workforce.Low crime rates are essential.

Now I've sold all my properties in 4 states and of the remaining I self manage in 2 states and have a large property management firm in the other 2 states. 

_______________________________________________________________________________Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

The company yes, the loan officer no. 

I think it's more of a coincidence that states along the coast vote blue and there is more appreciation.