I am getting started in real estate investing soon, and I want to plan for the best course of action.

That’s how I got started—with little to no money out of pocket.

That's a great approach in terms of starting with a 3-month lease. 

:)General question here: I invest in long term rentals in Memphis, but I live out-of-state in NYC, so I was wondering if anyone had any general advice about starting an LLC in my situation.Would you form the LLC in Tennessee or would you recommend forming the LLC elsewhere?

That's why most who I observe get off to a quick start are those with construction backgrounds.

Start researching price to rent ratios in areas and see which area has the best combination of cash flow/place you want to live!

If I were to start my business over, I would definitely choose the path that offers quicker financial rewards.

It was a tradeoff, I was willing to make that I could not have made when starting out with no funds.

Hello @Bethany S Labrinos congrats on getting started on your real estate journey. 

I am looking to wholesale my first property in the South Florida market since, I'm starting local.As a new wholesaler, I am looking to connect with investors/buyers/agents in the area to hopefully bring business to and get advice that I may not be aware of.