I did not want to risk losing the deal so I bought it at the asking price, as opposed to negotiating down.

Let's break down the pros and cons of each approach:Forming an LLC in the State Where the Property is Located:Pros:Compliance with Local Laws: Establishing an LLC in the state where the property is situated ensures compliance with local regulations and laws specific to that jurisdiction.Legal Clarity: It provides clear legal jurisdiction and may simplify any legal proceedings related to the property in that state.Perception: Operating with a local LLC may give tenants and local authorities confidence in your commitment to the community.Cons:Additional Costs: Setting up and maintaining an LLC in another state means incurring additional registration fees, taxes, and possibly hiring local legal counsel.Administrative Burden: Managing multiple LLCs across different states adds complexity to your administrative workload, including extra paperwork and compliance requirements.Tax Implications: You may face tax obligations in both the state where the property is located and your home state, potentially leading to double taxation or complexities in tax filings.Managing Through Home State LLC:Pros:Simplified Management: Handling all properties under a single LLC streamlines administrative tasks, reducing paperwork and simplifying tax filings.Cost Savings: Avoiding the need to establish multiple LLCs in different states saves on registration fees, legal expenses, and ongoing maintenance costs.Consistency: Uniformity in management practices and legal structures may contribute to efficiency and ease of operation across your real estate portfolio.Cons:Legal Exposure: Operating out-of-state properties under a home state LLC may expose your personal assets to the laws and liabilities of the other state, potentially diminishing the liability protection the LLC offers.Compliance Challenges: You'll need to ensure your home state LLC meets the legal requirements for conducting business in other states, which could involve additional filings and fees.Perception and Credibility: Some tenants or local stakeholders may prefer dealing with a landlord who has a local presence, which could impact your reputation or relationships in the community.Ultimately, the decision depends on your specific circumstances, risk tolerance, and long-term goals.

Feel free to ask any questions you might have.

I currently own 2 homes free and clear.

Come out and meet us at some of the free breakfasts, you'll get to know key people right away.  

More often than not, when people really start digging in to the data, it becomes a rabbit hole and creates fear- you start looking for some random piece of data that will confirm that there is no risk, which of course, does not exist. 

They are allowable per code here but are generally looked at as temporary solutions and to be honest you can get a ring crimper for the price of about 4 or 5 press on fittings... thus cheaper and more durable/leak free to go the crimp ring route..

Feel free to send me a time that works for you and I am happy to schedule a quick screen share to see if I can help.

You get a free 14 day trial and here is a code for $10 off if you like it. 

If you ever have any questions, feel free to reach out.