I personally love Wisconsin and would definitely consider starting an STR there or in Michigan, but the heavy seasonality makes me cautious about winter income.If you’re on the road near New Mexico, you might want to explore some of the emerging desert or mountain markets out there, too.

Some people use both: LLC owns the property, trust owns the LLC.3) Set up your holding LLC in Wyoming, Delaware, or New Mexico.

maybe try Santa Rosa New Mexico, home of the Blue Hole?

I'm Chris....new to the Forum, but based in Scottsdale Arizona, but help clients all over the US, Canada, Mexico, Europe, etc.   

@Elsa ManatadYou should find out what multiple is used to value these businesses in Mexico and that will answer your first two questions.

I became an accidental property manager, I manage my dad's property in central Florida while he is retired in Mexico.

That clarity will help you eliminate the noise and focus on what actually matters for your situation.In Mexico, where I operate, many investors buy properties remotely in beach towns or high-growth zones.

Your plan: Have a clear rehab budget and timeline.Your experience: If you're new in the U.S. market, emphasize past projects in Mexico and show you’ve completed successful flips.Your down payment: Expect to bring 10–20% of the purchase price plus closing costs and holding reserves.You don’t need to wait for a thicker credit file.

@Juan Carlos Flores GarciaYou should be building a team to maximize your probability of success!

I started my journey officially 5 years ago when I bought a house in Alamogordo New Mexico.