You can set up a Wyoming LLC yourself.

And your net worth will thank you.If you still want to go ahead, you'd be better off buying a house than an apartment because, while the value of the building itself will go to 0, you'll still have the value of the land, bearing in mind that the land might actually lose value too given the depopulation and the yen depreciation.Sorry if I'm pooping a party but make sure you understand what you're getting into (which you're already doing by asking the forum) and then make the decision that's right for you according to your objectives.

(Currently managing STRs and that’s taking up a lot of our time)* MFH vs SFH: We could consider a small apartment (20-30 units) but we are mindful of vacancy-risk of SFH and high-PM-cost of MFH.

I’m Johnny, and I totally get the excitement of connecting with like-minded folks.

Also, if you are a minority, WRA has the Partnership for Success program, which helps pay for your start up costs.

Don't know what their success is, but I see 3 places all lined up in Denison near downtown. 

Love how like-minded people come together.

Do you have a balloon payment coming up?

Of course my nosey self had to go look up your rental property.

You should have that as a benchmark in mind, since it offers a good return without any effort.