@Derrick Lloyd If you are wanting to form a LLC, it should be within the state you are conducting business in.

I have access to the MLS and through the MLS is a link to the public records of all the counties, towns, cities etc for MA.

If you are able to form a management company and source it all, that is great as well. https://www.biggerpockets.com/blogs/10145/72780-ap...

You can try to find someone already doing it and form a relationship with them.

Hi BP Community, I was wondering if there was anyone that had a great pro forma that helped calculate NOI for a new build development where I'm splitting a double lot to build two stand-alone residences and looking to rent each over the long term.

.- The pro forma rent is listed for $975 / month (estimated from gross income).- Each unit is 3BR / 2BA,1200 square feet.

The Trust and the S-Corp then form a multi-member LLC "holding company" which is also part owner of the S-Corp.

California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

One of the massive challenges that I suspect people have (when they don't do that) is that they can understand population demographics, median income, run a pro-forma, but unless you know the area it's much harder to distinguish B from C areas. 

At the moment if it’s not going to throw off (on my paper pro-forma) $1K per month I usually take a pass on it.