(And - full disclosure - I will be using a mail forwarding address also and only occasionally actually hosting meetings at that location... it's like a 'WeWork' space, I generally work from home and my managers are on-site at the parks...)To everyone's continued success, and due diligence,-jl-

If you live in CA, NY, Boston etc - the financial difference is big enough.Investing in your home town is always best, you have the home-field advantage and you can buy, rehab and manage a lot more efficiently.

My goals with BP is to continue to learn everything I can about financing, analyzing deals, obtaining leads, and managing my rentals.

The title company will handle clearing the title but won’t manage personal agreements.

CT is 1-2 hour drive from my location depending on the town and is manageable for one project.

No management costs as it would be self managed, and estimated property taxes by the average of the past few years.

I’d love to hear about the crime rates or any other issues (which we cannot guess from the online stats), and how easy or hard it is to find reliable tenants and property management companies.

In addition I heard that is better having one LLC for each property and one for management only.

I manage many of them in Jacksonville, and have a lot of information on them.  

My suggestion would be to cap your utilities at a certain amount and have Tenants pay anything over that amount.That will help you manage your expenses, and also allow Tenants to gage their usage each month, and make adjustments if they don't want to go over the allotted amount.As far as collection, provide the bill showing any overages and just have them pay for it along with their rent.