Additional DetailsI’m willing to invest in out-of-state properties, though I prefer areas with good property management options.My primary focus is passive income, but I’m also interested in value-add opportunities.I want to ensure these investments provide strong tax benefits and diversify my portfolio.I’d love to hear from experienced investors:What would you do in my position?

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential.

Then they'll charge an additional $2,400 for filing tax returns. 

Additionally, where do you research if an area has a good rental pool? 

Hey Tim, If you are not using Hospitable yet that would be my first addition.

Are you looking to do additional projects like this in other cities/states?

I landed on the numbers I did because that makes it cash flow nicely for the buyer in addition to meeting my goals. 

After some additional research we have decided to focus on the aforementioned markets, but I will keep you in mind if we decide to look at Columbus more closely in the future. 

Supplement this far simpler entity approach by ensuring you have appropriate types and levels of insurance, you operate your business in a manner in which your conduct is not considered an exclusion in your policy, you work with licensed and insured vendors, you execute contracts with indemnification clauses with these same vendors/ require additional insured status &  maintain appropriate licensing and permits.

I'm not satisfied with not filing the rental in an LLC simply because it's more simple and might cost me an additional filing fee .