Just getting my first rental and was wondering what the benefits of setting my LLC as a Nevada LLC instead of Virginia, where I live,or Baltimore Md where the property is .

And you get the benefit of having over 100 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

@Joe KimYes and you can also think it positively: you also have a new roof good for many years and you get some tax benefits too.

I am mentioning this is because if I ever needed some help from them financially in terms of repairs or emergencies, I would have the benefit of access to money without having to take out loans.

I am sure someone is investing in the Detroit market and when it turns around they will be in an excellent position to reap the benefits.

As a newbie, he might benefit from the security of not having a note to pay on a first property while he's getting his feet wet.  

And you get the benefit of having over 100 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

So you found that the benefits of additional cash flow out-of-state exceeded the logistical issues and property management costs?  

And you get the benefit of having over 100 past ones to catch up on.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

@Zach I was actually thinking about getting a real estate license, however what are the benefits of doing this?