Wyoming, Delaware ...

I am going under contract on a house in the beautiful Catskill mountain region of NY, specifically in the town of Margaretville NY, Delaware County.

Just closed last week on my first investment property in bucolic Delaware County in the Catskill Mountains of New York.

Our price point with the upgrades and lot premium in a cul-de-dac put us at $262K, we plan to rent it for $2095 (will also include lawn care).

Northern and western Catskills so Delaware, Greene and schoharie counties.

For example, deals in which a full year of history isn't available for a STR (its sub-1.00x at underwriting using long-term market rent, but we are confident after a year the property will cash flow over 1.25x as a short term rental), or buyer is purchasing a property with below-market leases that still have a few months to go (but will raise rents to market shortly) (in this situation a DSCR lender has to underwrite to the lower actuals).Regarding LLCs, it varies as has been said in this thread, a lot has to do with state licensing and other stuff (typically if the lender has gone through the paperwork and process in a particular state), our guidelines for example are as such:Lend to Individuals or EntitiesAL, AK, AR, AZ, CA, CO, CT, DE, DC, HI, ID, IL, IN, KY, LA, ME, MD, MA, MI, MN, MS, MO, NE, NH, NJ, NM, NY, NC, ND, OH, OK, PA, SC, SD, TN, TX, VT, WA, WV, WI, WYLend to Entities OnlyGA, FL, IA, MS, MT, RI, VA

If you provide a detailed scope of work to your accountant, he/she will be able to properly identify what is a repair / improvement.If it is an improvement, he will want to see if any amount can be immediatley expensed through the de minimis safe harbor election.Best of luck

I just moved into a personal property in South NJ, and own 2 rentals now in Delaware County, PA.

I also am concerned with SouthEast Asia's tendencies to disallow foreign freehold ownership of land and strong laws against short term rentals, even if not mostly enforced.I am currently in contact with and purchasing real estate in Cape Town, South Africa, Marrackech Morroco, and Rio de Janeiro, Brazil.  

Though Washington State does not have a statutory Series LLC to create in the state, it does recognize the internal liability shield offered by LLCs on its members.So, though Washington does not have a Series LLC, the State of Washington does recognize the internal liability shield principle, and that is what the courts would be looking at if you created an out of State Series LLC lets say in TX or NV or DE, and owned a property in WA and were sued in WA.