PA laws would apply no matter the origin of the LLC defendant.Any LLC filed in the other 49 states, still must file in PA as a foreign entity and would still be subject to PA laws and PA taxation.

(in terms of HOAs, taxation, etc)My goal is to make a safe investment, increase my cash on cash return (currently 6,2%) and find the right balance between cash flow from tenants (most important) and value appreciation. 

So if your basis in the house is $40k you sell for $100k - $60k gain  (there are a few other elements that come into play but for simplicity)BUT say you took $10,000 in depreciation- the first $10,000 of the gain will be the 1250 tax at 25% The next 50k is at long term capital gain rate of 15% (most likely)

They offer the ability to elect federal tax status and you can opt to be taxed as a partnership or sole proprietorship and avoid tax at the entity level.

Additionally, the operator, if not informed otherwise by a hosting platform the operator chooses to use, is required to register with the Virginia Department of Taxation for a tax identification number and furthermore, to collect and remit any applicable taxes.

Aaron Fox My tax guy tells me an LLC but more important is how you treat the taxation of the LLC which he tells me at the end of the year how we are treating it.

As a licensed realtor, you bring a lot more to the table such as licensing and insurance and that could be considered a benefit.You should also be aware of the implications of UDFI taxation on the gain from the sale relative to the portion that is still debt-financed.  

@Michael LopezYou can choose to rollover the funds to an IRA of your choosing (self-directed or otherwise) and the full amount will be transferred without penalty.If you choose to take a distribution to yourself personally, there would be normal income taxation at the state and federal level, as well as a 10% penalty for early distribution if you are under age 59 1/2.With a self-directed IRA or similar plan such as a Solo 401k (if you qualify as self-employed in some fashion), you can diversify that savings into real estate investments.  

The LLC is subject only to capital gain rates on the ownership shares of the member, and not to the corporate capital gains taxes, therefore no double taxation.

Multistate taxation is a complex topic.