Many of the good tax sale properties are getting bid up online. 

Should I try local CU or any of the larger banks such as BoA that are offering no-fee helocs online?

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.

Using this example, the legal name on the online EIN application would look like this: 123 MAIN ST LLC a series of MY CRE HOLDINGS CO a Texas series LLCNotice that, like before, I’ve omitted the commas and periods (what the IRS calls “special characters” and prohibits in the online application).

State Farm seemed to have the best rates for a company I was familiar with, there was some new online one that was lower, forget the name, but I was a bit unsure about using them.

Reviews include landlord and applicant reviews, so take it for face value.Myrental (CoreLogic) - 3.2 Stars: An average rating indicates that some users may have experienced issues, but CoreLogic’s established presence in the industry might still offer reliability.mysmartmove.com (TransUnion) - 2.9 Stars: This below-average score suggests that there might be significant drawbacks, possibly in customer service or user experience, despite the reliability of data provided by TransUnion.Turbotenant - 3.6 Stars: Slightly above average, this rating suggests that while the platform is generally satisfactory, there might be some areas that need improvement.

Working with a knowledgeable real estate agent and keeping an eye on online listings can also help.

Expand your network by attending industry events, joining online forums, and engaging with professionals in the commercial multifamily space.3.

Check out other online guides available here: https://www.biggerpockets.com/guides3.

Build Your Buyer’s ListNetwork with Local Investors: Join online real estate groups, forums, and local real estate investing associations (REIAs) to find investors in your target markets.