The only other tax issue not covered is how long you need to hold an asset before selling it to have the profit considered capital gains versus ordinary income.Check with a tax professional on all this.

This gives much better diversification protection across geographies, asset types, strategies, investment subclasses etc. versus putting all the eggs into one basket.The downside is that it's not for everyone, and a person has to be comfortable with turning over control to someone else.

So I do have following questions :1) What are the benefits and drawbacks of forming an LLC in Wyoming versus Texas?

Example what is the market for your say 2/1 versus the 3/2 market in your area?  

My profits per deal would become larger versus what my house would gain in value not selling it 

I was thinking of mailing the two neighbors and asking if they would be interested in purchasing versus someone else (or myself) who would likely build on the land which they have enjoyed vacant for some time now.

You get less reviews from these platforms versus AIrbnb. 

When you buy this triplex, you are only our of pocket $500/mo for a similar quality of life, that equates to "$1,000 net cash cash flow to you", since you are effective saving $1,000/mo versus your current living situation.

However, this is a very difficult real estate market to get into due to the high price to buy.I'm currently bouncing back and forth between the thought of investing out of state into a turnkey property that cash flows (still whittling down the markets, but have been researching a few), versus house hacking a duplex here in San Diego.

The difference in the appraised amount versus the expected amount was not gigantic.