In my experience, and this will not be terribly popular here, but no you should not buy out of state if you cannot visit the area before you purchase if.

These loans do come from banks directly (Fannie/Freddie loans come from the Federal Government) so each bank that offers these types of mortgages might have slightly different requirements. 

You can structure the deal to pay him gains at a zero federal tax rate.  

In general, multifamily properties are a popular choice for investors because they offer the potential for cash flow, scalability, and the ability to amortize debt across multiple units.

State and federal government liens like inheritance tax and IRS tax liens are NOT wiped away.

https://www.biggerpockets.com/blog/short-term-rental-loans-a...DSCR Loans: Terms to Know When Working With These Popular Rental Loanhttps://www.biggerpockets.com/blog/dscr-loans-terms-to-knowWhat’s Next For DSCR Loans?

It is the most popular software in the industry, and most Tax Preparers are familiar with it, which makes tax season easier.

Our downtown isn't big, but each neighborhood has a different feel, and we have affordable suburbs if you want to be close but not IN the popular areas.

Again, the LLC does nothing except own public securities.Here is the relevant language:Exclusion From Partnership RulesCertain partnerships that do not actively conduct a business can choose to be completely or partially excluded from being treated as partnerships for federal income tax purposes.

(Mission Hills Federal) (March 13, 2024 )Home Matters USA (February 16, 2024 )Lanier Law, LLC (January 17, 2024 )SL Finance (October 6, 2023 )American Financial Benefits Center, et al.