I look at a 12 month commitment with a rent of $5850 + a $5850 security deposit.

Many of our investors at our brokerage have pivoted to the rent by the room model through platforms such as homeroom or padsplit which is pretty prevalent across the south east and some other major metros.Happy to chat specifics - feel free to reach out in dms or contact info in bio!

While I'm still in the early stages, I'm committed to expanding my knowledge and understanding of the many opportunities that real estate investing has to offer.

Developers Mondev and UTILE are behind the project, which includes a commitment to making 20% of the units affordable.

We are committed to offering market competitive pricing by taking the entirety of the JPMorgan Chase & Co. relationship into account.

Let's break down the pros and cons of each approach:Forming an LLC in the State Where the Property is Located:Pros:Compliance with Local Laws: Establishing an LLC in the state where the property is situated ensures compliance with local regulations and laws specific to that jurisdiction.Legal Clarity: It provides clear legal jurisdiction and may simplify any legal proceedings related to the property in that state.Perception: Operating with a local LLC may give tenants and local authorities confidence in your commitment to the community.Cons:Additional Costs: Setting up and maintaining an LLC in another state means incurring additional registration fees, taxes, and possibly hiring local legal counsel.Administrative Burden: Managing multiple LLCs across different states adds complexity to your administrative workload, including extra paperwork and compliance requirements.Tax Implications: You may face tax obligations in both the state where the property is located and your home state, potentially leading to double taxation or complexities in tax filings.Managing Through Home State LLC:Pros:Simplified Management: Handling all properties under a single LLC streamlines administrative tasks, reducing paperwork and simplifying tax filings.Cost Savings: Avoiding the need to establish multiple LLCs in different states saves on registration fees, legal expenses, and ongoing maintenance costs.Consistency: Uniformity in management practices and legal structures may contribute to efficiency and ease of operation across your real estate portfolio.Cons:Legal Exposure: Operating out-of-state properties under a home state LLC may expose your personal assets to the laws and liabilities of the other state, potentially diminishing the liability protection the LLC offers.Compliance Challenges: You'll need to ensure your home state LLC meets the legal requirements for conducting business in other states, which could involve additional filings and fees.Perception and Credibility: Some tenants or local stakeholders may prefer dealing with a landlord who has a local presence, which could impact your reputation or relationships in the community.Ultimately, the decision depends on your specific circumstances, risk tolerance, and long-term goals.

Just ensure you’re entirely comfortable with the long-term commitment and the specific REITs you choose.

Feedback good and bad will definitely be prevalent within your local RE community.  

Of course, it can happen with a high-priced CPA, too, but they're less prone to over-committing than those who are hungry and compete on price.5.

Real estate is a long term commitment, and not feeling comfortable or rushing into a market for the wrong reasons can spell disaster.