Do I open the LLC in the state I currently live, or the state I own the rental property in? 

It is all about your comfort level, but for me and many others on here they will note your better off investing that money in a deal and learning that way then spending large sums of money on gurus.

Not an indictment on you, but you might get lumped in with others and their bad attitude/behavior, just due to the fact you live in Cali.I would just move and keep looking for a good fit.

I live and invest in Tallahassee.

I think I just need to find someone to lend me $400k that my home is worth and I'll pay them back that plus a high amount of interest in 3-6months once I sell it and move to a new place, maybe need to find a LV loan shark :) Just trying to avoid having to sell this place while living in it and having to rent it back.

The prior prop mgr told me the owner lives in Japan.

Hello Jacksonville BP,My name is Mitchell Morgan and I have lived in Jacksonville for one year.

I currently live in New York.

However, if this is during an economic downturn when default would likely happen, there might be no equity in the house for the original seller, and I can't see how a seller would be comfortable being ultimately responsible for a mortgage that might last 20-30 years.

I'm able to live for free in the main house with the STR income from the ADU How did you find this deal and how did you negotiate it?