Given the latter costs, a corporation can be the best solution only if you buy multiple properties.

This will create more costs. 

The overhead to start a company is low, but the cost to scale is high. 

Happy to chat...being a local GC takes out a lot of the risk of the biggest variable for most investors (unpredictable rehab costs) and also allows you to consider more options than the average investor, with your rehab costs being significantly lower.

This approach is cost-efficient and eliminates the complexities of dual-state filings.

When you see such posts, you can use the "Report Abuse" link alongside the post to bring it to the attention of a moderator. 

The market between the 2 locations & resident class (Especially if you plan to self mange or find a PM company), Your future goals and the costs associated with moving and transferring to a new hospital. 

@Jessica Seppo,Many people take the cost of an LLC and funnel it towards more insurance and an umbrella policy.

@Ross DerouenBigger Pockets is a great place to find an accountant specializing in real estate taxation.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.

Run the comps, calculate repair costs, and plan multiple exit strategies so you maximize every deal—whether that’s wholesaling, flipping, or holding for cash flow.