If you’re unsure about which specific account to choose, ask a local CPA or banker, since every situation can vary.

Here in Texas, thousands of people have been deported in the last 2 weeks and many who have not committed any crimes per our local news agencies.

Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.

Real estate is so localized that most federal based policy changes don't have massive influence.I can see him (semi-)privatizing Freddie/Fannie.

I’m also interested in connecting with local investors, real estate agents, and lenders who are open to collaborating on new opportunities.

The LLC isn't the important part, it's the operating agreement- you should defintiely hire an excellent and local attorney to do that for you.

That will give you a good idea of how it will go.Plus you can go over to https://awning.com/airbnb-estimator and put in some addresses and see the local competition.

This shows the importance of networking locally, building your connections and your "tribe". 

Hello All, I'm curious if there are any local meet ups on Long Island ny.

Joining ULI/NAIOP in your local city could help too.