You could use local properties acquired via 1031 as a de-leveraging strategy.

Welcome to the BP community, Reggie @Katheryn De Leon!  

Trying to find real estate under 50k in the philadelphia/nj/de or tristate area is in mass abundance!

http://www.masslegalhelp.org/chapter-3-security-de...

Originally posted by Michael Seeker:Originally posted by @Wendell De Guzman:Yesterday I won a BID on an auction on a house in Lagrange IL.The Good:ARV -  $1,000,000Acquisition Price: $380,000Repairs: $200,000Profit Potential: HUGE - about $300,000 profit even if you assume 12 months holding costThe Bad:The house is a HISTORIC home.

From other reading I've done, I know that many businesses feel there is an advantage to registering their LLC initially in Delaware or Nevada for purposes of helping to conceal ownership as well as Delaware's structure for handling business litigation matters. 

Michael Smith Michael, I actually live in Evergreen but invest in De Soto County, primarily Southaven because of the ability to buy low, rent high, and have a nice, working class tenant.

The  Delaware inner city Market may not bring the additional income unless you go with Section Eight renters.

I will be closing on a property worth $114,000; can anyone tell me what will be the approximate closing costs?  Is it normally 1.5 or 3%.  Also, I will be wholesaling the property but can I the (buyer) pay all closing...

Your agent schedules the inspection for 4-7 days, but the initial walk-thru is to verify condition and keep you from paying $500 for an inspection if there is a fatal flaw with the property...all identified by an experienced agent with construction experience.You should be doing a de-brief after the walk-thru and building a preliminary scope of work to estimate your renovation or repair costs.