If we do a bad job, our clients will fire us and go elsewhere.

In Tampa here as well.That is a question for your asset protection attorney, but most of our borrowers/clients in FL have LLCs.

I have a client that lives in Hawaii but owns a property in DC area.

A great deal of accountants work with out of state clients.

I don't know how you would present any of that to potential clients from thousands of miles away.No, Brokers are not all the same.

And, it's amazing how many closing costs are junk fees that we as investors need to pushback on paying for ourselves and our clients.

@Myles Powell I have a CFO client in Kansas City that's done just this over the last 7 years.

Yes, but your "highest and best use" is being an accountant to your clients, not handling the minutia of your RE portfolio!

Quote from @Gregory Schwartz: A local agent recently got sued for calling an old client who was on the Do Not Call list.

If you plan to expand your portfolio, forming an LLC can simplify liability protection and operations for multiple properties.Consult a CPA or legal professional to confirm your tax obligations and evaluate whether an LLC or umbrella insurance aligns best with your investment goals and risk tolerance.This post does not create a CPA-Client relationship.