But the process was horrific. 2 lenders who kept giving mixed feelings until they both provided a commitment letter but 10 days apart so went with lender 1.

You have to be 100% fully committed and not do land lording as a "hobby business" - but as a "business business" - it no hobby as you are dealing with peoples housing.  

If you commit to it and pursue it it will change your life! 

His expertise and commitment to client success make him a valuable addition to the Lendmarq team.

You should be continuing eviction process until you have a firm commitment and date that assistance will be paid.

I wasn't really familiar with REIAs and wasn't aware of the prevalence of FB groups until now.

Let's break down the pros and cons of each approach:Forming an LLC in the State Where the Property is Located:Pros:Compliance with Local Laws: Establishing an LLC in the state where the property is situated ensures compliance with local regulations and laws specific to that jurisdiction.Legal Clarity: It provides clear legal jurisdiction and may simplify any legal proceedings related to the property in that state.Perception: Operating with a local LLC may give tenants and local authorities confidence in your commitment to the community.Cons:Additional Costs: Setting up and maintaining an LLC in another state means incurring additional registration fees, taxes, and possibly hiring local legal counsel.Administrative Burden: Managing multiple LLCs across different states adds complexity to your administrative workload, including extra paperwork and compliance requirements.Tax Implications: You may face tax obligations in both the state where the property is located and your home state, potentially leading to double taxation or complexities in tax filings.Managing Through Home State LLC:Pros:Simplified Management: Handling all properties under a single LLC streamlines administrative tasks, reducing paperwork and simplifying tax filings.Cost Savings: Avoiding the need to establish multiple LLCs in different states saves on registration fees, legal expenses, and ongoing maintenance costs.Consistency: Uniformity in management practices and legal structures may contribute to efficiency and ease of operation across your real estate portfolio.Cons:Legal Exposure: Operating out-of-state properties under a home state LLC may expose your personal assets to the laws and liabilities of the other state, potentially diminishing the liability protection the LLC offers.Compliance Challenges: You'll need to ensure your home state LLC meets the legal requirements for conducting business in other states, which could involve additional filings and fees.Perception and Credibility: Some tenants or local stakeholders may prefer dealing with a landlord who has a local presence, which could impact your reputation or relationships in the community.Ultimately, the decision depends on your specific circumstances, risk tolerance, and long-term goals.

The money must be secured by real estate or in the eyes of the SEC you have committed FRAUD.

Are you committed to holding for an extended length of time to realize the appreciation?

I don’t want to just do it and potentially commit mortgage fraud.