A properly set-up DST will both protect your assets and bypass the burdensome franchise tax that would be levied against a Series LLC.The Delaware Act expressly provides that “[n]o creditor of the beneficial owner shall have any right to obtain possession of, or otherwise exercise legal or equitable remedies with respect to, the property of the statutory trust.” 12 Del.

You'd be buying this with the primary intent of selling (fix n flip) so it wouldn't be eligible for a 1031.

Below is a perfect example of how they profit (real life example)....3XXX N Elston, Chicago IL - Solid B class area. 2017 sold $435,000 and was rented $3266.

@Jessica N Sites you can definitely buy a duplex with 3.5% down.

@Leah N. under the "Network" tab on this site you can search for realtors in your local market.

Would it be better to look further away from the main tourist areas to find cheaper rents while still being a reasonable distance away from Universal City, Hollywood, the beaches etc or stay within a 3 or so mile radius and be more competitive?

Hi @Vipul Patel,I purchased a duplex in North Hollywood and posted an analysis of my purchase here. https://www.biggerpockets.com/forums/223/topics/575632-closed-my-first-house-hacking-deal-in-los-angeles-la-part-1Hope this helps.

The value is based on the what it currently brings in - expenses I got the impression they might not have a n accurate t-12.

Property that qualifies for 1031 treatment is property you purchased with the intent of holding for productive investment use (not fix n flip). 

Originally posted by @Sean N.