I won’t pretend to be an expert by any means as I have only been at this for 4 years and have 5 properties, but I thought it could be helpful to share actual numbers and different ways to look at them.

Quote from @Andrew Rodriguez: I will be speaking to a local one tomorrow morning and then go from there.  

Evaluate the situation to see if you could have done anything differently to mitigate the loss and implement changes to your processes, but know that this happens and hoepfully just not too close together. 

I lean bearish because it's a consolidated market, not much of any room for any significant appreciating event.

Looking forward to what others add...

Most seem to like there to be a business reason for the state you use to create the LLC, either the property is there or you live there. 

I recommend lining someone up before you leave for a 1 year term.  

I’m able to pay cash for some houses occasionally when my savings builds up.

Positives are proximity, low property taxes, no income taxes, no weather events, very low maintenance stucco/tile structures, “young” properties (5-20 years old) 

If you want to be an agent focus on that.