It's fantastic that you're diving into the world of real estate investing and exploring strategies like house hacking, BRRRR (Buy, Rehab, Rent, Refinance, Repeat), and house flipping.

Therefore, there is no real tax benefit to having an LLC.You may also want to have a discussion with your attorney on the real level of protection you would receive from this strategy in your state. 

Look at their marketing strategy.

@Rickey Walker, due to market conditions, interest rates, and scarce inventory, sourcing and acquiring long-term cash flow rentals is difficult, to say the least, unless you put down 35%-40%.As I inform most folks, you'll need to implement a creative strategy if your investment criteria predominantly focus on achieving cash flow.

I'd echo the advice already given.Start hanging out with the local investor community and start talking with RE brokers and lenders who have experience and expertise in the strategy you land on.In your case, I'd take a serious look at househacking.

There are three parts to every successful tax strategy: (1) Strategy, (2) Implementation and (3) Compliance.

What are the strategies to buy and manage rental properties out of state ( I am based in CA).

Part of my strategy is finding rentals that I can license as adult family homes or senior care living.  

@Justin BrownThe only thing I would add, is the house hack strategy's underlying timelines is long term.Do play out the next 5 years with cost, rent, and appreciation increase.Don't forget the tax advantages as the cherry on top.

This strategy safeguards our renowned horse farms and green spaces while regulating urban sprawl.