I spent the last 10+ years as a master electrician & running a business.

Its also more cost efficient compared to NY in terms of fee's and overall costs to set up LLC.When I set my LLC up in Fl it took literally 15 minutes and you will need to get your Tax ID/IEN set up so you can get your business checking account set up with a local FL bank. 

@Lyle Cooper I have a situation where the husband pays in cash his half due to having a cash business and the wife pays her half with a check.

In the calculator snapshot above, it shows a "Management Fee" of 0%.You don't want to be the property manager, but property management is an unavoidable cost of operating a rental business.

I'm wondering what are your opinions on investing in Pittsburgh and do they align with what were seeing as a company doing business in the city.Investing In PittsburghIs Pittsburgh a good place to invest?

This will involve operating a piece of real estate and starting a business inside that piece of real estate.

When forming the LLC in FL is it possible to use my NY address as the principal place of business?

The majority of the people who are wholesaling the right way are going to do business as usual. 

As for cash flow, buy or start a business.

Same thing for the senior living deal - I've had a bunch of people reach out - I'm not an expert but have been in it a bit - but no one has been willing to come meet me where I live and the business is at.Anyways I've come to the conclusion the apartment deals I'll want to look for I'll be getting Hud or some sort of other non recourse loan and will just do it myself with no one elses money.