There are large brokerages that operate multi state.

@Manna Sivia you also need to consider your operation expenses such as technician headcounts.

The banks take full advantage of the return on compounding virtual money. 

Lower operating costs are definitely a consideration I take into account when I’m looking at property, and I think most would agree that a house with $0 electricity bill is preferable to one with a bill. 

No matter where you live or where you own assets, I personally recommend the Series LLC to be a great tool for the individual investor who is planning to expand their operation, as it allows for you to scale infinitely for FREE- check out this article to learn more.The fourth pillar is somewhat similar - you want to separate your operations from your assets.

Chances of it happening might be lower, but piece of mind in your operations can be a fine line between success and failure.Don't forget you'll have closing costs, marketing costs, repairs, etc., off the bat.

Have not yet operated though sorry.

As an operator I think that knowing/liking/trusting the people I've invested with is paramount, so the jury is out on whether Fundrise is truly less risky. 

It's critical that you follow the rules.Another constraint would be whether the operator is accepting only accredited investors to the offering. 

Properties have operating expenses.