I currently invest in PA with plans to venture off in in New Jersey also.You have an option of hiring a property management company or self-managing if you decide to invest out of state.

Multi-member LLCs are taxed like partnerships unless electing otherwise.If the property is located in CA, chances are likely that the LLC will be treated as "doing business" in CA and be required to register with the CA SOS and file a CA LLC return; this would be true whether the LLC is formed in CA, MN, or any other state. 

Quote from @Stephen Brossard: I’m looking to acquire my first rental property, leaning towards multi family.

Single family 3-4 bed not on septic with an ARV of 400-900k or small multi family in king and northern pierce counties.   

This area is really in need of affordable housing, but with the large down payment requirement it rules out this option for many.

We need to repair a small portion of the roof in detached garage in multi-unit, in Evanston.

In a wholesale transaction the seller is in some kind of financial trouble which the wholesaler is helping to resolve.You have two options an assignment or a double closing:I haven't done an assignment myself so not sure completely of the process, but in a double closing there is already a contract with the seller and the wholesaler who is fixing the liens on the title, when that is resolved there is a closing date where the wholesaler execute the contract with the seller and you execute the contract with the wholesaler.In general the closing cost in these type of transactions are covered by the buyer which it could be around 3.5% and it does not include sales agent fees.There is one thing that I didn't understand, it seems that the hard money lender is in charge of the transaction.

I've been in the healthcare field for the past 15 years; I read books, listen to various podcasts; trying to learn as much as i can about rental property investing, (multi-family units).

Investment Info:Small multi-family (2-4 units) fix & flip investment.

I guess the upside for option B is they they could get a little short term cash but then they resign they will be hit with a larger bill.