Realtor in Maryland and Delaware.

I have SFR rentals in Delaware County, but not in Philly.

@William HooFatt thx William -There are a lot of Small mouth bass , walleye, and occasional other fish in the delaware there .Some freshwater  eels too!

Only one bank account needed, but you'd have to track income & expenses to do transfer and year-end accounting.As @Nathan Gesner mentioned, not really worth it.You two could also open a joint bank account for collecting rent and pay expenses, just be sure to track everything.Do NOT do what @Paul De Luca stated about transferring title!

Hi all, I own a lot outright ($190k) at the Delaware beaches.

Quote from @Paul De Luca: @Mitchell PetroskyWelcome!

Next, the GP which owns 1% should be a Delaware LLC because Delaware corporate laws are well established and business friendly.

When a squatter decides to park his RV across the alley from the d**e house, never expected it to be Walter White.

We've been in Solar for the last 20 years and are just getting started in the rental market long term and maybe short term.

I did look into them though a bit and I came to the conclusion that I would rather just do a 1031 into a Delaware statutory trust (DST).