I have done deals such as wholesale deals, Rent to Own, Lease Option, Option deals, Tax Liens, Finding private money all because of some of their videos that helped me understand how to.

Sounds like I might need to follow Frank’s advice and consult an attorney, although that will definitely be the last option I pursue.

I would also consider MTR in these markets as it is highly profitable with less turnover and more options for guests.

Also, if I don’t have the right person to name as trustee, is there any more economical option other than a corporate trustee ? 

To plan investment and future rental goals in Albany, research market trends, explore financing options, understand landlord-tenant laws, manage property early, budget for maintenance, and connect with local investors.

Always options in real estate.

Cashing out $400k and throwing it in an index fund is a viable option as well.

You will have enough for a small downpayment on each option, depending on the area chosen in each case, and you won't have much of a cushion after closing costs. 

To Chris' point, you can find lower options if you handle some of the management responsibilities.

My 2 cents there are certainly many options to choose from, Anderson may be a fit for what you need, only you can decide that.Good luck.Happy New Year!