The buyers have reported that they are unable to obtain financing since the duplex (built in 1907) is located in an area that is zoned for single family homes (Toledo zoning was established much later).

I am in the process of gaining expertise in land wholesaling and I am seeking to establish connections with builders, real estate agents, and investors who are acquiring off-market properties.

For example, if there is some dispute about whether someone has an interest in a property, they can sign over their rights without ever establishing what those rights are if any at all to clear up the issue.

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.

If you'd like to establish a holding company for your properties, I'd say an LLC of the state the properties are in is best.

Fully Renovated Turnkey Cash-Flow Investment PropertyRental property's income at least 1% of the purchase price.Continuous profit with little hassle.45 minute commute to the state most vibrant city Greenville and the state vibrant capital Columbia South Carolina.Nordson Industrial Coating Systems (ICS) is establishing their newest manufacturing facility with an investment of $30 million.

It is also the main reason why most of the more established CPAs do not offer free introductory consultations.An introductory qualifying call is common in most CPA firms.

Mat helped to establish my Solo(k) through his law firm a few years ago.

We need to establish some kind of benchmark and that clarity is what ineed.

My vision is to invest in coliving and section 8 housing. Let's connect!