I believe the water damage is the root cause of the mold problem, and I’m considering filing an insurance claim to cover the repairs and remediation.For those who have gone through this process, what steps should I take to ensure the claim is handled properly?

The question is do you have the team OOS that can consistently deliver you solid deals, and then have the right management team in place to ensure profitability and peace of mind.I own a vertically integrated real estate company in Birmingham and we help people all the time wanting to build wealth in a lower priced market with high cashflow. 

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.

Getting a new roof is important for ensuring that the property meets the standards required by most loan programs.

Given your newness to this, consulting a real estate attorney could be helpful to ensure everything is handled correctly and legally.

Getting it on the MLS will help get more eyes on it for sure but mostly ensuring that the place is in pristine condition and priced slightly lower than your comps will help.

For sellers, it’s a signal to ensure your property stands out in a growing sea of options.Palm Beach Townhomes & Condos: Adapting to a Changing MarketThe townhomes and condos market in Palm Beach is experiencing some shifts, but that doesn’t mean there aren’t opportunities to capitalize on.

Ensure you're screening potential tenants well before accepting them. 

Without knowing more about where you are and what you want to do, I wouldn't be able to give too much more than to check the zoning ordinance to ensure what you want to do is allowed and if it is, what implication does it have on your property.Hope that helps. 

I would not worry about Santee owner occupied requirement as state law will ensure ADUs do not require owner occupancy.