So, a WY LLC by itself can't purchase a property in another state since it has no legal standing in that State. 

The promotion of wealth and business through Real Estate Podcasts and Books is quite high compared to 10 years ago; not to mention AirBnB rentals coming into the fold.  

A few contributing factors: (1) my wife already worked remote pre-COVID and my employer is WFH until at least early next year, (2) we're paying an ungodly amount in rent for a tiny apartment without any of the original benefits of living in the city, and (3) we plan to spend the next 3-5 yrs on the west coast before eventually moving back east.The current strategy I'm debating is two-fold.

I'll stand with you on this Trevor, I think it is a great piece of jargon, let's make it grow.

If they can't stand on their own then I don't rent to them.  

In absence of case law to the contrary this clause will be unenforceable and unless the lease has a cause saying that in the event of one clause being invalid the others stand, the whole document would be compromised.  

., those that are highly profitable standing upon their own investment merits, not juiced by aggressive tax positions and other dubious gimmicks).I don't use LLCs.

At least then you'll know where you stand 

Stand firm, stick with the current offer, go to close, and then decide what comes next if the seller does not show (preferred option, but unclear on how it will turn out - and still requires a little more time, money and effort on my part as I am navigating private finance and a RE attorney to draft documents).2.

I know MTN stands for mid term notes.