I understand that Delaware Statutory Trusts and TICs are options---but not so much for me. 

Cleveland and Detroit are cities that are scarred by de-industrialization. 

With Cap rate compression, MFH isn't de facto better than SFRs.

Completing a 1031 Exchange allows you to defer that tax and depreciation liability and invest in another rental property or something like a DST (Delaware Statutory Trust), if you're an accredited investor.

@ Jorge De Jesus, Yes. 

It's weird that a lot of the gurus tell you to form an LLC in Nevada or Delaware etc. and they never mention forming one in the state where you conduct business. 

@Jorge De Jesus Thank you Jorge, i totally agree and I appreciate your input.

@Jorge De Jesus You have been provided excellent, real-world advice by @Dave ChapaLike @Bill Spell I am interested in knowing more about the deal specifics (you don't have to give the address or anything like that)

Check the Secretary of State's websites for PA/DE/NJ/NY for a list of banking institutions.

Thanks @Alex Deacon and @Jorge De Jesus I really appreciate the info.Alex, I definitely plan to network with some of my local wholesalers.