You only need a place to track tenant information, payment history, maintenance, etc.

It must either be an owner occupied property (something like a duplex would qualify where you live in one side and rent out the other) or it must be in a commercial/office zone.

You should contact the Virginia Beach assessor's office to update your mailing address.

Quote from @Pietro Gaglio: Residential assisted living facilities need to keep track of various data such as vitals, bowel movements, and amount of food eaten.

Meet-ups via local groups or via zoom calls or private REI clubs/groups.Asking a seasoned agent in each city/county as well as a Banker/Loan officer will also help put a plan together.

Keep track of the prices on Vrbo and Airbnb.

@Keith Angell I'd say you are on the right track with the HELOC. 

You still need some money to cover part of the rehab until you get your first draw, and if you're a brand new investor you might not qualify for 100% LTC on your first deal, but if you can partner with someone with experience on their track record or can prove significant past contractor experience then we might go that high on your first deal. 

According to the National Association of Home Builders (NAHB), average hourly wages for residential construction workers rose 10.8% between August 2023 and August 2024, the largest YoY jump since the BLS started tracking the data.

I moved to a new state and was curious to see if I should open a new LLC for a new state and if anyone had reccomendations other than a local attorneys office to create one.