Bottom line is this: with Texas LLC (Texas Sec of State provides an on line FILL IN the blanks form ) it cost $350 to form the series LLC, there are NO annual fees, and only one “information report” (single 1/2 page verifying agent, manager and address) to file every year.  

I've started looking around and talked to a few brokers about deals I found online.

Hi,My father purchased this 2-family house (R5 Zone) back in 1976 in Astoria Queens, and just like many other landlords in NYC he rents out the cellar/basement.I've been reading online the definition between a basement and cellar based on the link below, and I think my father's falls under a cellar.

each state has their own paperwork for contracts/selling, and can be found online. 

Ive never hired legal help, would it better to find local or can I look in other parts of nj also since it seems most everything can be done online?

Hey Account Closed - are you really on BP looking for advice... or just online arguments :) ?

They think signing up is the work, but it's just the start.Most things you can learn online here or YouTube for free or by going to meetups and building those relationships in real life.

The threshold for owing an actual monetary amount is a few million dollars. its more the hassle of filing an annual online report.Many of my clients are out of state investing in TX, both with and without an LLC.

You should require that your PMC send you ALL expense receipts or make them available via an online owner portal.

This is a great opportunity to network with seasoned investors and exchange thoughts.Participate in online networks and forums where investors exchange opportunities, experiences, and advice by joining BiggerPockets, local Facebook groups, or LinkedIn communities.Look into joining investing or real estate associations in your area.