I “hope” you are not married or it will make it very difficult as you can’t have a disregarded multi-member LLC except in community property states.

Does this mean section 8 is bad, NO, but this can happen in any city or state.

For me in 2023:No LLC’s, 12 properties in 2 states, only 1 state income tax, no w-2’s, a pension and a 1031 exchange.I was charged $1,275, up from 2022 when I was charged  $1,175 but didn’t have an exchange.

Will I have to leave the state?

I live in New York as well, but have chosen to go out of state for my investments. 

I am a new investor who has been looking into the Jax Beach area for STR / vacation homes as an out of state investor. 

The supply and demand are pretty balanced.Most of our growth over the past 5 years is from in-migration from more expensive states.

It's really not that difficult, only takes an email or two to the local creditor's rights attorney in the state to get the ball rolling. 

This can lead to "renegotiation" demands at the closing:(Other Potential Issues to Consider:Being in the chain of title is also exposure to potential legal issues.Selling an assignment may be a violation of a state's real estate statutes.Wholesaling w/o a real estate broker's license may violate your state's statutes.I'm sure there are more...

2025 goal: invest in our first buy and hold Out of state.