Lets golf and share ideas!

I definitely have a better idea on how to analyze a duplex.

For context and without going into the details of my situation, they recommended setting up a revocable trust and then setting up a Wyoming LLC as a holding company, then setting up a New York LLC owned by the Wyoming LLC holding company to hold the property for the asset protection and anonymity.However like I said I am getting conflicting information/advice.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Though, this process will be the same for the other state (if you created a CA LLC you may need to register it as a foreign LLC in the state in which you are doing business/holding property).

If you're making a big move like this it would be wise to make sure you live as close as possible to where you plan to invest.Beyond that, simply being open to the idea that you may not enjoy living there and acting accordingly would be my best advice.

I would if you have a lot of time on your hands now its a good idea to go back and get a w2 gig for active income to help you borrow money using conventional mortgages as opposed to using more expensive money like hard money or DSCR loans.

I just wanted to get some insight on how common it is to request mold tests prior to purchasing a property and testing for mold with long term buy and holds in this climate.Thank you in advance! 

Hey Ken,Thank you for reaching out, the properties I am looking for are going to be long-term holds. 

It's always a good idea to actually fly out to the market you're considering and meeting your team in person.