LLC question for Investment property in NYHere is a breakdown of me and my business partners situation-We own and investment property that will be rented out to college students in the fall-The property is located in NY-We live in NJ-The house is currently under our personal names-We want to create an LLC, but is there an advantage/disadvantage to basing the LLC out of NJ or NY?I don't want to make this any more complicated or costly than it needs to be. I'm aware that in NY, when creating and LLC, comes advertising costs. Will I be making this process harder by creating an LLC in NJ for a property in NY?Any help on this is greatly appreciated!BestAugust 24 2010 - West Caldwell00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.