Levi, thanks. 

A properly set-up DST will both protect your assets and bypass the burdensome franchise tax that would be levied against a Series LLC.The Delaware Act expressly provides that “[n]o creditor of the beneficial owner shall have any right to obtain possession of, or otherwise exercise legal or equitable remedies with respect to, the property of the statutory trust.” 12 Del.

Welcome to BP Levi, great to see more Canadians joining in.A couple of other expenses to consider aside from the mortgage and property tax would be the property insurance, property management (even if you are going to self-manage its good to add it in), city utilities and gas/hydro/water if it's not going to be billed back to the tenants.

Does Washington still have that crazy 1.78% excise tax?

The closest example I can think of would be a tax levied by certain international airports and not collected with the ticket sale itself, but even in that case, the airline generally discloses that a fee will be owed at the airport.So far, I'm having trouble getting my money back.

@Levi - Thank you so much!

Ok I selected:tab 1 Identity pg 1 sole proprietorship, pg 2 sole proprietorship, pg 2 started a new business tab 2 Authenticate pg 1 name, ssn, I am sole proprietor, pg 2 address, phone, mailing address different - no, pg 3 trade name if different, start date December 2018tab 3 details pg 1 highway motor vehicle 56k lbs - no, gambling - no, excise tax - no, employees W2 - no, pg 2 what organization do .....Real Estate - Renting or leasing real estate, managing real estate, real estate agent/broker, selling, buying, or renting real estate for others. or Wholesale -Wholesale agent/broker, importer, exporter, manufacturers’ representative, merchant, distributor, or jobber. ?????

@Levi Ballard do you have a loan officer with First United you'd recommend?

Using your example neighborhood, let's say you can safely flip for $200,000, you'll incur somewhere between 6-12% in selling costs (3% selling commission, 1-3% listing commission, 1-2% excise tax, 1-4% closing costs).Next you'll have more specific costs including improvement costs (huge range, but let's go with your $45,000ish) and holding costs (depends on time and other factors, but let's say $1,500ish average).

Double close means excise tax (1.6%-ish) X 2!