Credit is an issue across borders and an income in one country while investing in another country makes lenders nervous.If you are really planning on living in FL, I would at least focus on FL if you buy.

@Paul Kennedy  You.should be able to find the Inbox under Notifications and the create a message there.Currently, I have one rental in DE.

So I am taking it that the main issue is the front-end load for a Delaware Statutory Trust meant to defray capital gains taxes before the time runs out? 

Just inside PA on the DE border.

@Dan ShelhamerLook into DST's (Delaware Statutory Trust)

When you add in the ocean and southern border, the reality is you've got half the land supply options most other markets have.That's why RE is so expensive here and why it's likely to continue being so. 

@Willson GuimontYou can exchange into a Delaware Statutory Trust or a Tenant In Common, but not a REIT. 

I know there are some filing fees with the recorder of deeds (Delaware), but what other fees are there?

@Connor HeimMost small dollar units of property that you mention can be expensed under the 'de minimis safe harbor' by making an election on your return.A competent CPA will ask for a ledger or detail of the supplies account and fixed assets accounts to make sure everything is where it needs to be for tax efficiency.

@Alexander Vasquez have you read ‘Real Estate Riches’ by Dolf de Rooz?