Additionally, you might want to explore reaching out to your local Investors Group or BNI Group for recommendations.

I've got one LTR property that I'm trying to pay off prior to taking any additional risk in the form of loans.

During inspections we were able to negotiate a $17,000 seller credit.

I've done over 25 unit renovations with credit cards.

If you're in a higher tax bracket and expect to benefit from the additional deductions, a cost segregation study could be more advantageous.Professional Assistance: While online calculators can provide estimates, they may not capture all the nuances of your specific property and tax situation.

I'm curious about how they are able to convert your business credit cards into a cash line of credit while avoiding the high balance transfer interest rates.  

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.

@Steve Ford the points is usually based on your credit and your downpayment. 

Any additional tips for beginners like me would be greatly appreciated!

Credit score is about 760. 25 year term with a 5 year draw period.Option 1 using max line of credit:At the max loan to value of 89.99% the interest rate increases to 11.5% This is prime of 8.5% + 3%.Line of credit amount: $140,000Estimated interest only payment: $1,245.83Estimated full qualifying payment: $1,489.04Option 2Dropping the loan to value to 80% to decrease the rate to 10.5%.