You need to think about not just the potential income but also the potential problems such as city ordinances, state law, insurance, potential eviction issues, etc.

@Rud SevHere is a start:https://www.biggerpockets.com/forums/51/topics/839015-are-sy...https://www.biggerpockets.com/forums/51-tax-legal-issues-con...

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

Quote from @Ed Hoffman: Are there any issues/problems If I want to purchase a rental property in Pennsylvania with my New York York LLC? 

This is just markets behaving normally, Austin was my first target two years ago once I got wind of the permitting and homebuilding we saw the long coming in and whether it was 2,3 or 4 years the entry point was way in front of us.I don't know if anyone gets "use to" 7% rates without home prices behaving and/or wages responding appropriately.

The inspector should be thorough and telling you any issues.

Some have mentioned issues with the Indianapolis Housing Authority, including delays in payments and cases where landlords with new tenants haven't been paid since January 2024.Do any local investors have insights or experiences with this?

The company I use has patched the issue since then, but security is ongoing, of course.

If there are any issues with the borrowers, I don't have to deal with it.

There should be no legal issue with you just raising one rent.