The duplex is on a unique property in Grand Junction, CO.

Hey all,Hope everyone is finding a way through the unique challenges of today.Currently I am in process of studying to aquire my real estate license in Tennessee.

As a newer investor looking to get your feet wet, a property like this may come with unique challenges that might turn you completely off to investing!

Out of state investing has some unique challenges but they can be overcome by doing your homework.

What you need depends on your unique property, and most specifically the ceiling height. 

I understand the down sides and am not dead set on using it, but Looking for referrals because I am in a unique situation that could make FHA 203k work very well. 

@Todd Dexheimer Unfortunately I live in a unique market which generally insulates me from the type of investors you refer to.

A lot of amazing things happen when a person does enough deals and makes enough offers, but this was probably the most unique story I have remember reading this far. :-)

But in that case your taxes will skyrocket and you won't be able to appeal them, so your cash flow gets reduced.Also, Maryland has high income taxes so you need a good accountant to help you structure your business to minimize your net income (see Trump, Donald for an example of this).Again, your decision will have to be based on your long-term goals and unique financial situation.Good luck with whatever city you choose.

Looking for ideas for naming the LLC I’ll be conducting my business through. I’ll be utilizing it on property purchasing, remodeling, flipping, and building a rental portfolio. Should I have more than one LLC for this...