My wife and I have contemplated moving to Delaware or anywhere but I have a real close extended family so we're not moving anytime soon.

I live close to the Delaware beaches and I wanted to get your insight for targeting absentee high equity owners with the goal of doing Luxury AIR BB on them.

Better protection options might include a Delaware Statutory Trust, or perhaps a Wyoming LLC holding company (since WY has great charging order protection.)

@Angel De La Mora Ovies Hello.Being honest your questions sound more or personal choices that you might want to ask yourself deeper on.

I have one I was looking at on Long Island NY and another one in Delaware. 

The DST (Delaware Statutory Trust) is not obligated to pay the $800 franchise tax mentioned above, and can contain as many assets as you like.

Just as you said, as for where we want to be long term, after his two years we will likely end up selling the NY property in an effort to consolidate our portfolio closer to where we want to be long term in the Delaware area.What I wonder is it a good idea to try to live in flip with a low potential profit margin or buy and hold in a potential risky area to live for basically free?

If you still want to be able to drive to the property within a few hours, I would recommend checking out communities in Pennsylvania or Delaware.

I also think you can de-prioritize your dependable relationships, as you can't really know if those relationships are dependable until you start using them.

Looking for General Contractor in Bear, Middletown, New Castle, Wilmington are in Delaware state.Please let me know if you know or have a good company to work with.Thank you