The previous year's Property taxes as an out-of-state rental were $5,893 at a $266,868 Tax value.If this is an investment property, you would need to get at least $3,500 in rent per month.

Our company has done some partnerships with the state association which I'd encourage you to check out as well: https://www.faahq.org/##

Typically, when I'm counseling with an out of state client that is living in a higher cost of living area - the client is usually better off to house hack in an expensive market rather than buying RE in a lower cost of living area unless there is a lot of excess capital to work with.If you have any questions - feel free to reach out as I am happy to chat.

But like Brett stated, be loyal to you before you're loyal to anyone else. 

I do self manage my units, including my STR from out of state so it's definitely do-able.

In the state of PA for 2024 its 312k.

Another clause that I would highly recommend since you are licensed is a buyer's disclosure stating that you are a licensed agent but you are acting as a principal. 

Or do I have to get a policy for each state?

Hi everyone! As per my last post I am looking to purchase my first investment property. I was initially looking to buy a turnkey property but I have since found a partner who is interested in value adds and has experi...

Depending on where you are and state laws, many LLC's aren't as protective as you might think.