For us, we have insurance on it and found it easier to keep in the trust vs. llc and have to deal with state filings etc. 

They often provide standardized lease agreements that comply with state and local laws.Additionally, many landlords use platforms like Avail, Zillow Rental Manager, or TurboTenant, which often include customizable lease templates that are state-specific.

I should have mentioned that I am out of state in Colorado and I'm not connected yet to contractors that I trust to do a rehab.

Hey Anthony, in that case I would probably invest out of state and find a partner in that state to be the boots on the ground.

If you are investing from out-of-state you want to make sure whoever you are going to choose to work with is being honest and transparent not just about the Flint marketplace but about the strengths and weaknesses they face as a company, day in / day out.

Additionally, many states offer property tax exemptions, significantly reducing expenses.

I have investors in both states.  

Additionally, there typically are additional state protections (outside of the agreement) based on where the fund is located.

Because intrastate (single state) offerings must still comply with that state’s securities laws, and because with the internet its difficult for offerings of any size to be limited to investors residing in a single state, the exemption for private placements is the exemption from registration most often used. 

If you said, "car", you're right.In most states a car can be repossessed faster than a tenant can be evicted - and the tenants know this!