The City/County/State rent caps only apply to leases that are being renewed. 

you can register your one LLC as a foreign entity in other states.

The mayor has been hot on out of state investors and poor property managers since his campaign. 

David,Yes, investing out of state can be a wise choice especially if you live in a State like CA, NY, NJ, CT where home prices are over priced and taxes are brutally high.

If cash flow improves, it might make sense to hold onto the property while expanding your portfolio with new acquisitions.Reinvestment OptionsIf you sell or pull equity, focus on markets and property types that align with your cash flow goals:Out-of-State Markets: Research markets with strong rental demand, favorable landlord laws, and higher cash-on-cash returns.

I have family in Houston, Dallas, and the Valley, I was networking with brokers in San Antonio, but the Taxes seem to be quite high as well in that State, although much favorable laws/regs on the landlord side.

They just came out with a BabyBox, even smaller one that circumvents state housing lows and falls in as an RV.

There are people that do flipping in other states while they live in another state from the projects and they are successful, but they have built a team while doing it. 

It will be very important to have both in place because of the fact I will be investing out-of-state.

Good post.We use a competent SEC attorney that creates all our docs and does the state filings.