If you sold this property would you buy something in Arizona or would you continue to look for properties out of state? 

If you choose to set it up in Illinois (IL) and then file as a foreign entity in MI, you will end up paying two state filing fees, which unnecessarily increases your costs.

End of story.I can't imagine the Iowa State contract does not have a similar provision!?

Colorado saw more Californians move into the state in 2023 than from anywhere else and nearly twice as many from the next-highest state, Texas. 

In Ca many loans are done through fractionalization method which is not that common in other states and illegal in some.

I don't know, it sounds kind of weird but my friend is kind of freaking out about potential liability since the lien was literally placed on the house essentially hours before closing. she needs to contact whoever wrote the title insurance.. the attorney is just an agent for the insurance carrier.. that should fast track.. this happens I have had it happen to me by crooks/criminals literally who put a mortgage on a property 15 minutes before my title company recorded my mortgage so when my title policy came out i was in second position not first position as my escrow instructions stated I needed to be .. 

I can share my learnings, so that you are aware of what to avoid, specially when you are out of state.

Quote from @Richard Rao: Dan, do you own any real estate as of now?

It will be evident if you go to the city where they want to live: Madison State Street,  Boulder, CO , the Hill.

My realtor stated I may not have enough cash to cover rehab cost after selling.