In the meantime, they keep running through the BRRRR motions believing they are growing a real estate empire because the BRRRR method pencils best in these neighborhoods which lack the fundamentals that will equate to a true realization event. 

If discovery motions are required, you are out at least another $2,500-$3,000 or more if your county does not do telephonic hearings. 

mode=newI've never tried searching in NC before, but I have had luck going to the tax assessor websites for various places and going through the motions to pay a tax bill for a particular property address. 

Those issues are uniformly a result of improper installation and/or maintenance.

I ordered some motion-sensing alarm systems for the 5 vacant units I have right now.  

But yes, other states have a more uniform tax code.

When dealing with class C properties I have found over time that you want to control your fate and place your own tenants because the criteria people use to place tenants are not uniform and if you end up with a dud tenant the cost of getting them out plus turning the unit turnover will be a lot higher than experiencing a short term vacancy until you get the units filled with your tenants. 

Begin with the Uniform Commercial Code, there are other federal laws in finance and banking define points and fees.

The downturn will eventually spread across the nation, and to a somewhat lesser degree affect those areas that had lower price appreciation.My timing prediction: the oncoming slow-motion housing crash will become very evident within 6 to 9 months after the first Fed rate cut. 

Let's break down the pros and cons of each approach:Forming an LLC in the State Where the Property is Located:Pros:Compliance with Local Laws: Establishing an LLC in the state where the property is situated ensures compliance with local regulations and laws specific to that jurisdiction.Legal Clarity: It provides clear legal jurisdiction and may simplify any legal proceedings related to the property in that state.Perception: Operating with a local LLC may give tenants and local authorities confidence in your commitment to the community.Cons:Additional Costs: Setting up and maintaining an LLC in another state means incurring additional registration fees, taxes, and possibly hiring local legal counsel.Administrative Burden: Managing multiple LLCs across different states adds complexity to your administrative workload, including extra paperwork and compliance requirements.Tax Implications: You may face tax obligations in both the state where the property is located and your home state, potentially leading to double taxation or complexities in tax filings.Managing Through Home State LLC:Pros:Simplified Management: Handling all properties under a single LLC streamlines administrative tasks, reducing paperwork and simplifying tax filings.Cost Savings: Avoiding the need to establish multiple LLCs in different states saves on registration fees, legal expenses, and ongoing maintenance costs.Consistency: Uniformity in management practices and legal structures may contribute to efficiency and ease of operation across your real estate portfolio.Cons:Legal Exposure: Operating out-of-state properties under a home state LLC may expose your personal assets to the laws and liabilities of the other state, potentially diminishing the liability protection the LLC offers.Compliance Challenges: You'll need to ensure your home state LLC meets the legal requirements for conducting business in other states, which could involve additional filings and fees.Perception and Credibility: Some tenants or local stakeholders may prefer dealing with a landlord who has a local presence, which could impact your reputation or relationships in the community.Ultimately, the decision depends on your specific circumstances, risk tolerance, and long-term goals.