Don't overlook mileage and travel expenses.Each LLC might also file a NY state tax return.

LLC's also have many other inherent problems e.g. you may have difficulty transferring the property to a spouse, or relative since the LLC essentially owns the property and it may not be considered to be a personal property.LLC's do not provide you with any protection when someone sues you because if the court awards damages the LLC cannot pay then it is very simple for the Plaintiff to go after your personal assets, or if someone sues you outside of the LLC then the Plaintiff easily get a Charging Order and goes after your personal interests in the LLC.It is much easier to just file for a Ficticiious Business Name, use a DBS e.g.

You could easily go over this number if you are doing electrical, plumbing, or adding in unit laundry.

A manager will charge you between 10-20% of your profit for something you could automate and manage easily. 

Yes I can do alot of stuff around the house but why do tasks like sheetrock, paint and trim when I could easily hire those tasks out and be billing my plumbing clients to leverage my time better. 

I don't want to ask that question, because I don't think it has an answer, and I think even spoon feeding someone an answer, they still are unlikely to have success, as they haven't done the requisite homework to evaluate and make best use of even a great answer.I'm a travel nurse, so I am quite rarely ever home.

The way i figure it, these locations have good opportunities in terms of both cashflow and appreciation, are far enough from NYC to be smart investments, but close enough that I can travel there within a few hours by car if ever the need should arise.  

I'm looking into a property right on the Oconto River, 30 minutes north of Green Bay (I'd assume Packers games would bring in some STR activity as well).There are a handful of STR's in this small town, and the state regulations seem to favor STR's to promote tourism and travel.

Will you use a property manager while you are traveling?   

Ontario is also one of the most tenant-friendly provinces from their Residential Tenancies Act - it can easily take over a year to evict tenants for whatever reason.