Is it better to open an LLC in the state where the property is physically located OR in the state where I live (Colorado)?

They’re also the investors who miss out on the transitioning neighborhoods because physical observation is the best way to spot the neighborhoods that are transitioning real time.

Stay local -- you have to be there physically.

Free cash flow and lessening physical and financial burdens is always a plus, it should probably be included in the business community goals I think leveraging your existing business cash flow to diversify your income portfolio is awesome!

Request a detailed list of documents and information from the seller, including financials, leases, contracts, capital expenditures, surveys, environmental reports, open permits, and the Certificate of Operations.2.Physical Property Due Diligence.

Here's how I do my due diligence:1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where I think we are in the real estate cycles (financial and physical market cycles)b) Then and only then do I pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.

Not without the following details:1. tax residency, and location of the physical asset for nexus allocation calcs2. personal tax filling status3.

When I checked his physical address (that he provided), it was a vacant half-acre somewhere in the boonies in FL.

They do not however have the knowledge, credit score, or physical ability anymore to fix or get into real estate.

The landlord can only deduct for actual damages, which can be physical damage to the property or lost rent.