:)General question here: I invest in long term rentals in Memphis, but I live out-of-state in NYC, so I was wondering if anyone had any general advice about starting an LLC in my situation.Would you form the LLC in Tennessee or would you recommend forming the LLC elsewhere?

This may change over time.Participating in the forums and using the search to find specific questions or topics would be helpful as you start your investor journey.

You'll need money for: closing costs, down payment (if any), operating capital to get the construction/rehab started (most HMLs reimburse you in draws for the work completed), along with some liquid reserves on top of that.

I have been working with many people who are just trying to get started with real estate investing.

If the rental lease started 1/1/2025 it's likely it was technically in service in 2024. 

Start researching price to rent ratios in areas and see which area has the best combination of cash flow/place you want to live!

I started with a property management company.

Why does PM start promoting the property only after existing tenant moved out and property fixed (small repairs)?

It's starting to happen already.5.

.: Just about to start monthly MTRs, A few quick questions:1.