The hub network effects of smart people bumping into each other in NYC, Silicon Valley have been greatly diminished.

You also have less control.Personally, I’d rather not deal with hassle of an equity partner or the diminished returns on a SFH or duplex.Also, as a new investor, you probably don’t know enough yet to play with someone else’s money (unless it’s a mortgage).

Do not diminish the investment of time, and the limited amount thereof.  

Depends on whether your analysis tells you that you are highly likely to net a financial positive (which is usually the case, in my experience) in a place that you will be happy living in.Fourth, with a high savings rate, no commute, a rapidly optimizing lifestyle, diminishing debts, and a growing pool of capital, you are going to go through a transition.

It's been a great market for me.Things to consider when choosing a market; population growth (you don't want a stagnate or declining population), crime/safety (high crime usually means more unqualified tenants and will diminish property value), state property taxes, tenant/landlord laws. 

So, then, they wrote rules and zoning laws that say that this street or that neighborhood can't have student rentals.So, their tenant base, other than students, has severely diminished, they have a bunch of empty huge homes zoned for rentals - but not for students - and the taxes are so insane nobody other than investors can afford to buy there - but they have taxed and zoned investors away.The town is dying. 

We are not financially in a position to lose the house or not be able to pay mortgage because of this... but it heavily diminishes our ability to save for repairs, etc. 

Getting enough money to be comfortable is a motivator but once you hit that point you'll find it's a quickly diminishing scale, in which more money doesn't particularly interest you enough to do things you don't enjoy doing.

The outbreak may diminish over the summer and back in the fall. 

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.