@Dan TrimbleA property can be rented, Long term (LTR), short term rental (STR) or mid-term rental (MTR).

If the LLC owns a property in a different state, most of the time, the other state will require you register your LLC as a foreign LLC. 

I have a seller that has a property that would be a good deal to develop for new construction.

In your instance, as the owner of the property you can have a direct non-licensed employee to perform property management.

As an owner you're allowed to manage your own properties.  

Many of the properties I have been looking at have issues but in this case I'm working with the seller to let me get it up to conventional appraisal standards before they inspect it.

One property went for almost $100,000, before increased interest in real estate investing, that property would have sold for a high of $50,000 maybe less. 

Purchase price: $115,000 Cash invested: $42,000 Sale price: $168,000 Unfortunately, we bought this property as a buy and hold property, and our research led us to believe that this neighborhood was up and coming not in a bad area of Jacksonville.

I’m excited to start my real estate journey and want to make a smart, strategic move with this first property.

We don't want to bring on every owner or every property unless they fit within our target market, so, I do the far majority of the sales - this is our check and balance.