However, too many risks with that, and too many regulations I guess...

Local Regulations and Taxes8.

There are markets that have built in "gotchas" like the rising cost of insurance in coastal FL, regulations in much of the west coast states and property taxes in Texas; however, the deal itself is the most critical factor.

Quote from @Jonathan Greene: What are you looking to do in 2025 to grow, regulate, or downsize your portfolio?

You need to research/know the rules, laws and regulations (including HOA if applicable), like you'd do in any US city.

Too many rules and regulations. 

By incorporating in another state, Roofstock can somehow go around certain rules that carefully regulate brokerage activities carried out by local brokers in some states. 

We're limited in what we can post in the BP forums and on our website because of regulations and NDA agreements.Continued success!

You're buying a specific property, in a specific location, in a specific condition, subject to local rules and regulations.

Corporate transparency is already regulated at the state level.