Property description: National brand auto repair franchise locations (2 locations are multi-tenant) that have been in business and profitable for nearly 15 years.

@Crystal Shepherd people weren't offended but the lord of the rings and the hobbit franchise sure wanted their cut to use the name.

If the LLC and the property are in separate states, one issue is if you had to go to court, the court wouldn't recognize your LLC's filing since it doesn't exist in that state.Also, remember that CA charges some huge franchise fee, some $700 or $800 annually, which is applied per LLC you form. 

Is this a franchise or a small shop?

Renters Warehouse is a franchise flat fee service PM.

No LLC because he does not need to waste the annual $800 Franchise Tax fee.

@Brian DanoYou have to be careful when visiting places like H&R Block, Liberty, etc as they are run as a 'franchise' and normally owned by a CPA or EA who hire those with little experience to help prepare tax returns.You can check out the craigslist hiring section and you will see ads for H&R block hiring and mentioning 'no experience needed'.Below are some tips to find a Local CPA that specializes in real estate1) Attend a Local REIA / Real Estate meetup and see who other investors are using as a CPA2) Network with other investors from your City/State that you find on bigger pockets and see who they use as a CPA3) Look for CPA's with good google/yelp reviews where 'real estate' is mentioned in the review.

Our goal is to build out Chgo over next 18 months, then test a new market in 2023, and go big in 2024 with franchise type opportunities across other markets. 

We have started a real estate franchise and looking for a broker to sponsor our LLC. 

Working with a HVA franchise might provide an opportunity for deal flow if they can't handle the amount of leads/deal flow.