Let's break down the pros and cons of each approach:Forming an LLC in the State Where the Property is Located:Pros:Compliance with Local Laws: Establishing an LLC in the state where the property is situated ensures compliance with local regulations and laws specific to that jurisdiction.Legal Clarity: It provides clear legal jurisdiction and may simplify any legal proceedings related to the property in that state.Perception: Operating with a local LLC may give tenants and local authorities confidence in your commitment to the community.Cons:Additional Costs: Setting up and maintaining an LLC in another state means incurring additional registration fees, taxes, and possibly hiring local legal counsel.Administrative Burden: Managing multiple LLCs across different states adds complexity to your administrative workload, including extra paperwork and compliance requirements.Tax Implications: You may face tax obligations in both the state where the property is located and your home state, potentially leading to double taxation or complexities in tax filings.Managing Through Home State LLC:Pros:Simplified Management: Handling all properties under a single LLC streamlines administrative tasks, reducing paperwork and simplifying tax filings.Cost Savings: Avoiding the need to establish multiple LLCs in different states saves on registration fees, legal expenses, and ongoing maintenance costs.Consistency: Uniformity in management practices and legal structures may contribute to efficiency and ease of operation across your real estate portfolio.Cons:Legal Exposure: Operating out-of-state properties under a home state LLC may expose your personal assets to the laws and liabilities of the other state, potentially diminishing the liability protection the LLC offers.Compliance Challenges: You'll need to ensure your home state LLC meets the legal requirements for conducting business in other states, which could involve additional filings and fees.Perception and Credibility: Some tenants or local stakeholders may prefer dealing with a landlord who has a local presence, which could impact your reputation or relationships in the community.Ultimately, the decision depends on your specific circumstances, risk tolerance, and long-term goals.

Reviews include landlord and applicant reviews, so take it for face value.Myrental (CoreLogic) - 3.2 Stars: An average rating indicates that some users may have experienced issues, but CoreLogic’s established presence in the industry might still offer reliability.mysmartmove.com (TransUnion) - 2.9 Stars: This below-average score suggests that there might be significant drawbacks, possibly in customer service or user experience, despite the reliability of data provided by TransUnion.Turbotenant - 3.6 Stars: Slightly above average, this rating suggests that while the platform is generally satisfactory, there might be some areas that need improvement.

Also, having a simple online presence that tells your story will make a big difference.  

I know there are some Renatus folks there, but not a really strong presence and I intend on changing that.I spent years digging through YouTube and buying books.

Pros and Cons of Virtual WholesalingPros:Access to multiple markets, allowing for diversification.Lower overhead costs since you don’t need a physical office or to travel as much.The ability to scale your business quickly using online tools and resources.Cons:Lack of physical presence can make it harder to build rapport with sellers.Managing a virtual team and ensuring smooth communication can be challenging.Legal and logistical differences across markets may complicate transactions.6.

@Allan SmithI live about an hour away, but work out of the Peoria area (except working from home due to Covid-19).CAT still has a fairly large presence in Peoria.

A non-resident alien for tax purposes is a person who is not a U.S. citizen and who does not meet either the “green card” or the “substantial presence” test as described in IRS Publication 519, U.S.

The proximity to hospitals , downtown fort myers & military presence makes it the ideal location. 

Property sizes can vary, but something with a couple of bedrooms usually appeals to a wider range of tenants.As for Houston, it seems like a solid market for MTRs with its strong medical presence and diverse industries.

This presence alone has drawn other logistics and distribution companies to set up shop in the area, solidifying Louisville’s reputation as a key logistics center in the U.S.Moreover, the automotive industry is making waves with Ford’s massive investment in the BlueOval SK Battery Park in nearby Glendale, Kentucky.