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.

In that case the extra cost of a home warranty is worthwhile to provide security in case of a significant issue.

A few suggestions/thoughts:- Ask your agent to provide you recent sales (last 12 months) of deals that would have met your criteria, starting with deals they were the broker on.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

Austin, avoid this company at any cost.Do not buy anything from them, it's the worst turn key provider I've dealt with.

There you can get the best financing terms, and work on a timeline that is more forgiving.Happy to provide more insight!

@Scott EwellLeveraged vs debt-free is a personal decision to some extent.Leverage will give you a higher ceiling on your investment, whereas debt free provides the lower floor.While I can't say which is best for you in particular; I can say that, in my experience, every majorly successful investor I've come across uses debt in their strategy to some degree.

The application is done with IRS Form W-7, and foreigners must provide original certified identification documents.IRS Form W-7IRS Form W-7 InstructionsThe IRS has 'Certified Acceptance Agents' who are authorized to certify foreigner investors’ original documents and process the application.

In CA, landlords provide microwave, ove, dish-washer, washing/drying machine and gardening.Let me know what you think.

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