In terms of the realtor's preferred lender, that's up to your discretion. 

Some suggest investing out of state for better cash flow, but that's not an option for me at this time.Recently, I ran into a realtor who suggested mid-term rentals to construction workers as a more profitable investment model.

I do think they are early with their progression, but while that means more risk that can mean more long-term rewards. 

But now, instead of a known, transparent amount, it will be an unknown negotiated term.

Hi everyone,I'm currently managing short-term rentals for myself and a family member in Texas.  

For real estate/investing, I have found that an understanding of finance and accounting can be the biggest benefit (if he can take extracurricular courses on sales too that would be helpful). 

For me I am short term I would not go out 6 years. but if it was a short term or you had a way to pay me off in a short amount of time I would consider it if it checked out.PS my seller carry backs generally were 100k to 250k each.. 

. - To benefit from the growth of the high population growth markets / big job growth areas, you don't always need to be in the same zip code, you just need to be within a reasonable commute.

I'm not sure how you are connected or what you have to benefit here, but none of these situations end with him getting everything he wants.

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.