Following Up + More details: @carolineOur utilities were also opened using an LLC but since the power had actually been shut off the problem mostly came from ICE sending someone out to turn it back on plus installing a new style meter (which had to be approved by our HOA but that was another matter entirely and not particularly difficult).Opening a bank account with BCR as an individual is easy and you can get an atm card in about 3 days but you will be limited to holding only a thousand dollars in it.

Accountant – Preferably a CPA. 

It's a personal preference.

When it comes to analyzing properties, I’ve developed a specific checklist to make sure the home fits both resident needs and operational goals:Square Footage: Ideally, at least 2,000 sq. ft. to ensure enough living space for residents and staff.No Stairs or Pools: It reduces liability and keeps the home accessible for everyone (this is just my preference).Corner Lots: I love corner lots because they often provide extra parking and outdoor space—both of which are critical for families and visitors.

.: The applicant needs a social security number or an individual tax ID number (ITIN).

Now focus on what you, not what the real estate investment community, want to do after you educate yourself on both sides.If you are interested in selling, I know plenty of individuals looking for a similar home in the Scottsdale area as an investment property and I think you could get a great return right now.

HELOCs are not available because they are residential loans guaranteed by individuals and what you seek is a type of commercial loan or credit line which are available to seasoned companies with proven financial track record.

Hello @Tove Fox,You are not investing in a state, you will invest in an individual city.

I live in Ocala and have never heard of this company, but that doesn't mean anything since I prefer to buy already built properties and rehab them. 

@Mitchell Rosenberg  - I think the overall thinking is that most prefer areas that have a growing population with a growing/stable economy base that is diversified.