So there's no point in having an out of state LLC in that scenario.I would imagine other states have similar laws, but I do not know for sure.

Hello all,My name is Slavik and I'm a new out-of-state investor looking to invest in Jacksonville, FL.Currently focusing on single-family houses, without a specific strategy in mind.

As stated.

@Sharon Porter,Investing in a state-controlled property like this can be an opportunity, but it's critical to understand the legal and logistical nuances.

Lancaster city limits short term rentals to only certain zones of the city so definitely look at the city website for that information.

Quote from @Braeden Warg: The right way to do it is to contact the city and ask them.

I have referred a loan out of state based on NOI, cap rate at purchase, room for increase income and purchase price vs market value.Maybe I didn’t articulate the intent of the post as clearly as I hopedFor anyone who has bought multi family out of state, “what are gives you the warm and fuzzies about a deal”:Obviously not cap rate, but maybe vacancy rate,  Cash on Cash ,GRM, IRR, Unlevered free cash flow, Cities over 250k?

As long as the lender can finance in the state that you want to buy in, then work with them.

If interested in adding another state / city to the list I am happy to connect - but hopefully this is irrelevant and you are already progressing along well with your purchase!!!!  

If you are investing out of state, then do you already have a good property manager lined up?