https://www.biggerpockets.com/...I will run comps for both acquisition and ARVs, predict rental income, preview properties, drive all over creation to do so - and that includes going into abandoned, God-forsaken, mold infested dumps in the middle of winter - you know, the ones that are actually colder on the inside than the outside. 

Checkout this forum post for ADU's for Los Angeles:https://www.biggerpockets.com/...Convenient too, cause California just passed laws on streamlining and incentivizing the creation of ADU's in CA in 2020. https://www.hklaw.com/en/insig...

There are a lot of great options out there; aside from providing the basics (ie. listing tool to get the property published to 10+ major sites, scheduling tool to schedule viewings, tenant screening with comprehensive applications which include nationwide criminal background checks + credit checks + eviction history, digital lease creation tool, rent collection tool, and maintenance tracking tool), some services also offer your tenants additional capabilities which makes it an easier sell on your end when getting them to transition over (ie. their ability to report on-time rent payments to the credit bureaus; this can create an added incentive for making sure they pay that rent on time).

We've decided it's time to set up some entities, and after lots of research, I believe we need to start with a WY LLC with an S-Corp designation.  And then probably 1-3 local state LLCs.
I need referrals to law firms...

Series LLC are only considered an instrument in 18 states & territories but depending on where you live & where the properties are located, you can incorporate in another state which is why Texas, Nevada & Wyoming are popular states for LLC creation for real estate investors. 

@Adrian Fajardo I would get experience and scale up to larger value add multi family properties so you can consistent monthly cash flow (to cover your paycheck) and have forced appreciation to generate more capital (this is your wealth creation)

In addition to the creation and renewal costs, lending become more difficult and expensive, you would probably need a lawyer to act in court to represent your entity, you need to operate the LLC properly to keep its protection veil (documentation of meeting, separation of accounting, proper way of signing documents on behalf of the LLC, etc...).At the end of the day, there is no one right answer for everyone, but only one that make sense to you.

I’d recommend a conversation with an attorney for the operating agreement and entity creation and a conversation with a CPA to talk about the tax strategy to make sure that this is set up correctly before it creates an unexpected tax bill.

As a “lovely added bonus” NY state requires all new LLCs to publish a public notice upon their creation in two newspapers that are distributed within the County in which your business’s principal office is located.

For SEO, which is a long term play, you need to have a sizable marketing budget for the content creation and good website.