Hi Shrijan,Welcome to the forum.Personally, I'm not a fan of out of state BRRRR.On paper it all sounds good and great but I've been in the game long enough to have witnessed otherwise.I would always advise doing BRRRR in your own market if possible.There are too many links to a chain with this approach and if one link is faulty, you chain becomes useless.Otherwise, (Yes, I'm bias lol) an alternate solution is buying turnkey.Wishing you much success 

The Establishment Survey (businesses + gov’t) showed that the US added 206,000 jobs in June, slightly above expectations.

So long as each LLC does not own more than two residential dwelling properties, or more than four dwelling units total, the LLC may require two month’s rent as security deposit.Although elsewhere I have expressed the opinion that placing each rental unit into its own LLC is maybe not necessary for limiting liability, if an investor is subject to the new security deposit limitations, the idea of limiting the number of dwelling units in any LLC to four rental units, now has an added benefit of allowing the LLC to require higher security deposits.Below is the pertinent portion of the statute:(4) (A) Notwithstanding paragraph (1), a landlord may not demand or receive security, however denominated, in an amount or value in excess of an amount equal to two months’ rent, in addition to any rent for the first month paid on or before initial occupancy if the landlord meets both of the following requirements:(i) The landlord is a natural person or a limited liability company in which all members are natural persons.

It would be a long term rental.

As long as it is the same or higher, typically you are fine.

Presently my 10 bed facility (opened in July 2019) reached a milestone last Friday by being 100% occupied!

It's been a while since my last post so I thought i'd post an update on how things have been going for me in Kauai. 

To follow up on this thread with a little more info I've found since my last post:Found someone in our area that will do new construction VA loans - they were with this company:www.annie-mac.comMaybe they have loans in other areas, might be worth a call.  

You might make a few mistakes a long the way but that's okay!

The intent to buy, rehab and sell immediately after it is rehabbed.There is no intent to hold it as a long-term investment2.