New to the BP community and potentially looking at some single family and small multi-family in the Irvington, Indy area.

In Northeast Florida my experience has been that it is slower in January/February as far as showing traffic/potential tenants. 

I envision this relationship as a two-way street—I'm eager to offer as much value as possible, like identifying potential properties for investment or helping with digital tasks (like websites and social media).I've recently set up my LLC here in South Carolina, but I'm somewhat unsure about the next steps, like where to find private money, locate properties, or structure owner financing for multifamily units.

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.

Buy or inherit and hold for a long time, then cash out and redeploy equity into potentially higher cash flowing properties or other investments.2.

Folks if you have condo in upper unit with water heater please check its condition, make sure it's not rusty and/or has potential for leaking.

The area along the coast between Charleston and HHI is a good bet, also.

We've zeroed in on high-potential markets across the Southeast and Midwest, especially in Florida and Ohio, where multifamily, single-family, and industrial properties are flourishing.Here's why our Strategic Fund could be the perfect fit:Proven Track Record: SMARTLAND's team has a knack for finding properties that deliver reliable returns, thanks to years of experience and expertise.Comprehensive Strategy: Our fully integrated model takes care of everything—from acquisition to property management—so you can focus on building your future while we handle the heavy lifting.Innovative Technology: Our proprietary underwriting model and data-driven insights guide us in finding the best investments so your money works smarter.Transparency and Partnership: We invest alongside you and provide detailed reports so you always know how things are going.

Potentially.

The tenant is concerned about their child's health.My property manager suggested allowing the tenant to break the lease without penalty or offering whatever they request at this moment to avoid potential litigation.