That's been my experience and I'm really glad I pivoted, but your location might have other mid-term niches you can capitalize on (construction, business, etc).

. - Locating and putting together the right  team that’s needed.-  Joining communities and connecting with others on a similar path. 

I recently purchased a 200acre piece of ground located minutes from Selinsgrove, PA.

Right now we're using a local credit union and every time I need to do a wire transfer I have to go into the branch location.

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

It seems like a great opportunity—it’s located in a charming, small community surrounded by the national forest, just minutes from a major ski resort.

If you achieve the ideal BRRRR with zero costs, you might as well perform it in a high PSF location (as high as you can tackle with conservative reserves).My last rehab was on a property that was almost $2k psf.  

South End is a great location

If entities are disregarded, you can keep up with more than 1 in a single QBO account using the location/business feature to keep track of them separately.

Your property type and location are key factors in determining this.