While a general rule is that you can purchase property in different states under an LLC formed in another state, you may wish to ensure that the LLC structure and path that you have set-up is appropriate for you and provides the benefits that you are looking for before transferring ownership into those LLCs.

Having a strong setup will ensure you’re set up for success.4.

The best thing like many things is to pay fairly but do due diligence prior to hiring to ensure you get quality service. 

You will want to ensure the ones you have on the ground are trustworthy and explaining exactly what it is you are about to get into.

And, this should go without saying, but always defer to Fair Housing guidance, ensure you're treating everyone equally, and keep diligent records of all applications for 5 years.

Still not a bad way to get some leveraged returns that you pass on to your kids, but ensure that you find enough value in it while you are putting all this work in.

Conduct thorough due diligence, including property inspections and financial analysis, to ensure it aligns with your investment goals.Property Management: Since you'll be living in one unit and renting out the other, familiarize yourself with basic property management practices.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

Factor in property taxes, insurance costs, and maintenance expenditures to ensure your investment aligns with your financial goals.Take Advantage of Financing Options: Explore FHA loans for owner-occupied properties or conventional financing options tailored to multifamily investments.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.