I look forward to updates as you complete the purchase and shift to finding renters.

The states aren't getting enough from the printing presses of the treasury (your taxes) to pay these unfunded liabilities, so they shift money around and increase taxes on your state income taxes and property taxes.

However if you are shifting towards pre-foreclosures this could be very different.

I think if you looked at your balance sheet you've already more than dipped your toes :)  You may not have generated massive cash flow but depending on when you bought - the Keys, Brickell, Miami and any land out west suitable for a summer home have appreciated massively and probably shifted your asset/liability balance more than 99% of cash flow investors working at real estate.So another option feeds right into this without having to go with a management weighted DST or syndication. 

Also, Illinois typically doesn't see the big swings like most of the country when the market shifts. 

The problem is state level politics has now shifted into what will likely be one party Democratic rule from here on out.

With significant demographic shifts either anticipated or under way, new renter households are expected to increase by 13 million by 2030, according to the Urban Institute.Enjoying a passive income stream has never been more obvious than the increasing heating up housing rental market.

I have already shifted my money and contributions to money market, and bonds, since I will be investing in RE in the near future. 

You do want to think of things from a tax standpoint, but you will also want to think about liability protection while establishing these entities, also.The Difference Between LLCs, C Corporations, and S CorporationsKnow Your Real Estate Partnerships: General and Limited Partnerships ExplainedIt can all shift pretty dramatically based on the details of your situation.

Poorly behaved children tend to belong to lower-class parents that shift jobs and locations often, have poor credit, low income, etc.