Although, there are ways to circumnavigate that, like with a Delaware Statutory Trust, for example.

I am also a new investor from Delaware and have a property currently in Delaware.

For a while I lived just off "Street Road" which was a major road in either Delaware County or Chester County PA.

Originally posted by @Francesca De Laurentiis:Looking to get a loan for a home and i have a lender that stated they will gift me a percentage of the closing costs.

Hi @David de Luna, I don't have any personal experience with lease options, but I do remember thinking that the podcast episode 185 with Bill Powers on that topic was really informative: https://www.biggerpockets.com/…  Highly recommend checking it out if you haven't yet, maybe it'll answer some of your questions.

Originally posted by @Ignacio De la Torre:Hi, I am considering setting up a Self Directed IRA and Checkbook LLC, in researching custodian companies I find there are not a lot of resources for those trying to evaluate different providers and get an idea of their longevity, assets under management, fee structure, etc. 

In that case it is to your benefit to sell as yourself and do the 1031 buying as a disregarded LLC.A good QI will walk you through these options and be your guide through the maze of federal regulation.BTW - DSTs are delaware Statutory Trusts. 

As I understand it, the two entities that make the most sense for California Residents investing out of state are a Series LLC and a Delaware Statutory Trust. 

Thank you for your patience as I try to de-mystify all of this!

My husband and I are buying 3 rental homes in Delaware as sole proprietors.