I havent looked into it, but the location is solid.

I'm a beginner and I'm looking for tips on how to perform a proper market analysis on houses to buy and hold long term and rent out.Right now I'm looking through all the MLS websites and finding properties in locations and within my price range.

However, I have contacted the Secretary of State office and it states on their website that there it is a one time filing/fee to form an LLC there.You will typically want the LLC setup where the asset is located. 

This is what they provided in an email:Our team has a fixer-upper located at 103 Tropic Ct, Fort Pierce, FL 34946This Fort Pierce home consists of 3 bd/ 2 ba/ 1,342 sqft of living space on a 7,469 sqft lot. - Investment Duration: 30days (Investment + ROI in full)- Return on Investment: 45%- Purchased Price: $150,000- Rehab Cost: $30,500- ARV: $240,000- Minimum Investment: $30,500- Maximum Investment: $30,500- End Buyer Escrow Commitment: 20%Rehab Cost BreakdownRehab Cost Breakdown1.

.- Property Class will affect location, tenants, maintenance, vacancy, etc.2) Not doing enough of their own due diligence when buying a property. - Trusting agents & PMCs too much!

When companies consider new locations, they look for specific factors:Population over 1 Million: Companies need a large, skilled workforce and robust infrastructure.Low Crime Rates: High crime deters businesses and residents.Low Operating Costs: Companies seek locations that allow them to remain competitive, avoiding areas with high taxes and regulations.Low Risk of Natural Disasters: Companies are wary of areas prone to natural disasters that can disrupt operations.

Seeing as they are $45-80k properties, we know they are not in good locations which means you should pad your budget more and expect expenses to be higher than normal. 

I would say that this is an amazing location and you're going to learn so much!

In a great and popular location with rising rents and upside on price with renovations but also that will cost in the short term to improve the property. 

We walked through a property that we went into thinking we were not going to like it and we ended up loving it and jumping on it pretty quickly after because the seller was getting other cash offers and the price/location/set-up of the property just fit our situation well.