While this affiliation might bring certain advantages like integration and streamlined services, it’s also worth noting that many tech entrants in the property management sphere sometimes miss the intricacies of real estate management, focusing heavily on financial aspects instead.If you're looking for alternatives, you might want to consider other established platforms that specialize in property management, like AppFolio or Buildium, which are paid services but widely recognized for their comprehensive features and security measures.

The second aspect is how viable it is for me to buy and sell in a particular market that is far away and where I’ve never visited.

It effects every aspect of the property and performance- the type of loans and insurance you need will change if you don't hold the property in your personal name. 

The main hurdle that many of our borrowers face are the income aspect of it, especially expensive markets like the West coast.

Everyone has already chimed in on the protection/ insurance side of LLC's, but one "fun" aspect of creating separate LLC's for each property is you can open up a credit card for each of those LLC's and easily keep all expenses on those property specific credit cards while racking up points and using those for travel and such :) This is a great forum thread and question!

I mean once you talk to them, it's pretty easy to spot if they know what they are talking about.I've work on STRs before and to be honest, it is not the most fun aspect of accounting because the volume of allocating income from all sources (airbnb, vrbo, stripe, direct booking, and so on) to a bunch of random expenses (cleaning, supplies, repairs, advertising, commissions, and all typical real estate expenses).I had to strictly rely on the client's input on what the expenses belong to which property or even units, if the paperwork doesn't say. 

It is a great place to meet new friends and learn about various aspects of real estate and more.Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersWishing you the best!

So it's maybe not even so much a state being landlord friendly, but more what's the aspect of the county and kind of what's their take on landlord tenant, , interactions, legal proceedings and so on and so forth.

Risk management is another crucial aspect.

Usually contractors in Philadelphia will carry commercial general liability coverage which covers property damage, bodily injury & personal injury.