Being a landlord is far too complex, far too time consuming, and far too nuanced to do out of state even for many experienced investors, let alone just starting out.

I I would speak to some more attorneys because this is a complex situation.

I remember when I was starting out, deal analysis felt like trying to solve a complex puzzle without all the pieces.

These are more complex legal structures that can provide even more protection than a traditional LLC alone.

However, if your property is larger or more complex, the cost could be higher.

What if you have an apartment complex with 20 units?

I did consider the fact that multiples can be complex and time-consuming (which I am leaning away from). 

Quote from @Marie Magno: We have a very complex issue and are in dire need of help. 

He ended up pairing his syndication investment with a small rental property purchase that allowed him to maximize his REP hours, which made a big diference at tax time.It’s a bit complex, so I’d recommend chatting with your CPA to see if you can group your real estate activities or find an alternative way to leverage those passive losses.

But the reality is far more complex.