I live for the views baby!

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

The reason is because I will get to save on rent and will get to know how real estate market works.

Had the chance to do this flip with a close friend that did not have to capital to take it on themselves.

Of course, with all things, the answers to all these matters will depend on the circumstances.California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

I intend to relocate to the Rapid City, SD region in April/May for work, and I plan to acquire a primary residence that could eventually be transformed into an investment property.

Congrats on your experience and welcome to the forums! 

https://secure.landprofitgenerator.com/30-day-workshop-ss/landcoaching?

Fortunately it never came to that and I was able to scale much faster than I could have without.

I can understand not wanting to relinquish control for a profitable property.