Eliminate debt, establish a budget, and save.

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.

@Gino BarbaroWe have worked with 2 well established commercial brokers last year and had no success. 

@Kathy MerkhI believe they have a regulation a+ offering if it’s this company: Here is there information for fund 2.https://www.sec.gov/edgar/search/#/ciks=0001831623&entityName=Connect%2520Invest%2520II%2520LLC%2520(CIK%25200001831623)Question I would ask is where are you on the debt stack and what are they investing in?

You may want to check on your city's or county's animal regulations for information. 

 I would first look into the state website of where you'd like to establish the LLC.

Hi Angelo, I do but Europe is huge and very differentiated you need to understand the current local laws and regulations and appraise the risk of them changing (getting worse).

I do around 60% direct bookings and have a few steps to help establish against chargebacks and fraudulent charge claims. 1) We use Stripe to process payments, and they have a pretty solid fraud system.2) We use chekin.com to register guests to make sure they match the credit card. 3) We don't take day of bookings 90% of the time. 4) charge a refundable $250 security deposit5) you can also use something like Superhog or Safely for damage protection.We also have a rental agreement, which you can have written for you by a local real estate attorney.

How are things going to STR in spain with the new regulations? 

Eliminate debt, establish a budget, and save.