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

@Julio CorderoYou need to get with a CPA and cross border tax consultant as part of your team of advisors.

If I understand you correctly, you are advising a sort of modified brrrr strategy - modified since these houses are owned already but strategically pulling out a conservative amount of debt.The houses are mostly C class but some border on B-.

Looking to expand my portfolio by networking with fellow investors in the PA, NJ, and DE areas.

I've heard Delaware because it's inexpensive to file and the taxes are lower, but I've also gotten the advice to just house it where I live (California).

I've heard Delaware because it's inexpensive to file and the taxes are lower, but I've also gotten the advice to just house it where I live (California).

I've heard Delaware because it's inexpensive to file and the taxes are lower, but I've also gotten the advice to just house it where I live (California).

@Brad De VriesSome considerations:1) If you are planning to use a conventional lender, your parents would have to "gift" the down payment to you as you cannot borrow the down payment (it's your "skin-in-the-game").2) Capital Gains tax is a federal mechanism.  

I was just doing research on the Tax Code 179 and most are purchasing their "work vehicles" out of Delaware or Vermont and avoiding the 6-7.5% sales tax since the entity is out of those particular states.  

It's a border line scam IMO, but I as relatively new so it would be good to hear the other side of the argument.