Rental properties are great for passive income, and I’ve weighed the benefits of local investments versus out-of-state opportunities.

I am an out-of-state investor planning on investing in SFHs in the Syracuse area.

There is a neighborhood in Los Angeles where there are very old covenants that state you can only build a single story home.

And you have a lot less availability in terms of rents.Overall though,when it comes to investing out of state, I would always suggest people look at STRs.

I own my own house and I own some land out of state, so I have assets I want protected.I have quotes and will be purchasing an insurance policy that provides 1 million in landlord liability and I can also purchase an additional 1 million in an umbrella policy.My question is, is it even possible, or has anyone heard of a landlord getting sued and losing over $2 million on a simple duplex?

Right now I'm focusing on building up rentals in the states & doing some flips to raise more capital.

Please send me a DM if you want me to pass those along.How did you choose that geographical area being your profile says you live in another state? 

This is because there’s well established case law that states a lender can only hold a guarantor personally liable if there was a benefit received.

And it was a pain because guests kept signing out to use their own.So we just cancelled all services and we state on the listing that guests need to provide their logins for apps.I know we'll have issues with older guests.

My attorney says he prefers it when there is a business reason for the state of the LLC, and he said either your home state or where the property is located is suitable.A much bigger topic is whether or not having an LLC is a good strategy given your personal situation.