I’m a 21-year-old college student majoring in physics and economics, I am the president of the Commercial Real Estate Club at my University, and am preparing to enter the investment banking industry after graduation.

In this transaction, the value added wasn’t through physical renovations but rather through quick market positioning and strategic timing.

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

What constitutes a good location in Kansas would be totally different then NYC.We can assume, a locations proximity to TRAFFIC, either pass by or generated by location would be key.

North Las Vegas has high demand because of its proximity to the Strip, but regulations can be stricter.

Stay local -- you have to be there physically.

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.

Orlando is a great market for short-term rentals, especially with its proximity to Disney, which attracts many tourists for sure.

For example The investors from CA that I work with like the Reno, NV area because of the close proximity to CA, tech investments, low property taxes, and landlord friendly.

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!