Hi Tim, It is possible to purchase a property in NY with the LLC, but you typically need to register the LLC as a foreign entity in the state you want to do business in. 

The combination is that high LTV financed RE is not only at an all time high but in terms of inflation adjusted cost is at greater than 40 year high.  

What advice would you give to an investor starting out in terms of location?

BTW, I have created several MMLLCs, some with people I initially never met face to face, and at the core are general terms and, legally, the Operating Agreement.

Make up your own terms. 

I'm particularly passionate about Long-Term Buy and Hold Investing.Outside of real estate, I enjoy Triathlon, Beer Runs and races, and pretty much any outdoor fitness type activity.Excited to learn and connect with you all! 

My goal is to become a long-term rental investor, but I would like to start by doing a couple of fix and flip properties here in San Antonio.

Legit lender.. whether they have the terms your looking for or will do your deal is up to them.

Also the best businesses have some sort of a market budget typically.

You begin to acquire properties to hold for the long term, creating a steady flow of passive income.