BLUF: Looking for advice or experiences setting up or using Power of Attorney to conduct deals remotely.

Conduct thorough research on the local rental markets to gain insights into the demand for rental properties, prevailing rental rates, and the demographics of potential tenants.

Anyone can plug numbers into a computer program, but a qualified CPA can help you to set up entities and provide advice on how to conduct transactions in a way to minimize your taxes. 

Plus you have the person overseeing the day to day operations of your business focused on your success.NOTE: this is post should not be considered legal advice and is written from the perspective of conducting business in Texas.

1) Rental real estate property income that qualifies for QBI should not be subject to self employment tax. 2) The standard to be met is the conduct of a trade or business under IRC 162, not the active or material participation rules.

Personally, I don't like spending my weekends on real estate, so I try to conduct my business during the weekdays and an agent like yours would be a good match for me.

Originally purchased to conduct short term rentals.

Do I need to establish a separate entity (LLC) in each state that I conduct property management services? 

Any advice on how to educate myself, what research to conduct, financial preparations, getting pre-approved for a loan, or any other initial steps would be greatly appreciated.Here's a bit about my current situation: I've saved up a decent amount for a down payment, I have a stable job, and I've been reading up on real estate investing.

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