@Pradeep VelugubantlaMany considerations, such as your preferences, investment goals, and unique circumstances, will determine which state is best for you to establish an LLC in order to engage in real estate.

I am looking forward with engaging with this amazing community and networking as well!

The entire property & casualty market is a mess at the moment with carriers being unprofitable across the board and many becoming insolvent or shutting down in states where they were least profitable and/or were not allowed to take the rate increases they were asking for (rate increases have to be approved by each states dept of insurance they don't just get to jack the rates up because they want to)If you are in a REIA reach out to some of the players there and see who they recommend.

But, I can imagine that many long term players are totally frustrated.  

We also discuss all the key players you'll need to create your virtual team because private lending is a team sport.

Looking forward to engaging with the community!

.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.

Really interesting to hear different viewpoints and the unfortunate challenges that face the PM community players.

You need someone who clicks with you personally before engaging in a mentor/mentee relationship with the dedication and stress that may be involved.Where to find a mentorStart by looking within your existing network.

All of the other “players”… politely walk away and don’t look back.