This may not be necessary depending on the age and location. 

Not really matter, but to protect your assets and lower taxation better to open LLC in state where property located.

So you’d be buying a location or a view and you dont know which is more likely to hold value or appreciate.

Things that have come to my mind are:Finding locations - how to pay and willing companies with space or charititys with space to make it affordableHow to advertise for interested membersDo I need a license to run a group of this sortWhen to consider charging membersWhat to do during these meetingThese are the things that have crossed my mind.

Thabk you @Joe Miller that was very helpful I’m currently located in bardstown, Kentucky, which is a small town.

Also ask your agent if there are any factors on the house (age, not updated, location, etc.) that is affecting the rates. 

I know a lot about the saint Louis area if you have any location questions.

I had been doing everything on my own for the past 10 years, and felt I needed to expand into a physical location to get support staff and grow my business.

For example, is property A looks like a good deal from a cash flow perspective, but it is located in a local market that I have to determined to be on the decline, then perhaps it's not as good as it seems on the surface.

I had a client once mention his lender was analyzing the location & property...it was confusing to me, so he was probably using hard money also.