Remember to file as a foreign corporation in any state where you plan to do business, especially once you start acquiring property, to protect your corporate veil.Lastly, my Disclaimer: This is not legal advice. :)

@Kevin Goldman if you plan on paying all cash on purchased rentals, your biggest challenge will be deciding what risk-reward strategy to pursue:SFR vs MFRWhat property Class?

I have worked with a few clients who are planning on riding the Intel train and investing in the NE area for STR while they still can. 

I would keep on them, keep reaching out and letting them know you plan to fight it and asking them for more information to substantiate the claims. 

The builder has a unique floor plan that makes it become a cash flowing rental How did you find this deal and how did you negotiate it?

Hi Kasey,If you plan to scale a portfolio, over the long run it would make sense to put them under the LLC.

Come up with a plan -  I recommend that you start in your own  backyard first and get some practice with some local homeowners who are in distress or want to sell.   

Like Ken said, really depends on what you're planning on doing with the property.

Understand your market, diversify investments, and be prepared for challenges with a solid financial plan.

My plan is to chip away at these items as needed, keeping about 20k reserves for this in the next 5 years.