I wouldn't recommend setting up an LLC out of state if you are buying in Tennessee unless your tax advisor is looking to help you on strategy.. but from a numbers standpoint, it really doesn't make sense when you start adding up on all of the annual LLC reporting fees from different states and then it starts cutting into your cashflow.

As a six figure earner, I am seeking advice and insights from experienced real estate investors on strategies and best practices that were valuable when starting out!

WaveApps - cheaper than QuickbooksHiring & Onboarding: Any platforms or strategies that have helped you scale your team?

That will start to help form your strategy.  

We might  be able to plot on google maps once we have some data.  

Exit Strategy: When do you plan to sell the property?

What strategies have worked best for marketing midterm rentals in secondary or smaller markets like Portsmouth?

Does anyone have any advice on a better strategy to earn interest with the cash flow being produced?

We liked the idea of partnership on a bigger project with the specific MTR strategy in order to increase NOI and exit in 3-5 years.

Are you leaning toward a specific strategy like buy-and-holds, flips, or house hacking?