You may want to compare with @Joe De Vera as well. 

I'm in Newark, DE (19711) and intend to launch a real estate investment business locally and beyond.I may be new but I'm inspired, motivated and learn quickly.

I live in PA (close to N Wilmington DE) and looking to invest either in PA or in Delaware ( much lower property taxes!).

Hello everyone, Question: I have a Delaware Series LLC.

And 1031 the money into a Delaware statutory Trust.

Probably a net benefit for any areas that choose to de-annex themselves.

They required 2 DE LLC's: LLC#1 my husband and I are 50/50 partners and LLC#1 is sole member of LLC#2 which will be the borrower for the loan and it is a disregarded entity.Since the expense has been incurred and we are set with another lender, and since LLC#2 is registered to do business in the states where the rentals are located we would like to use the setup.To date I am a Real Estate Professional, this is what I do full time and my husband holds a job.I believe that there will be no issue taking the loan to LLC#2, changing the deeds when the loan closes from us to the LLC and that income/loss will pass through to LLC#1.I believe that since LLC#1 is a partnership that again we still will continue to report income/loss to our personal return and I can continue to be considered a Real Estate Professional. 

These are viewed as more "hands off" investments since the tenant is responsible for operating costs, leaving you with less management duties.A DST is a Delaware Statutory Trust.  

@Oren H. if the properties are out of state you don't need to form the entity in CA, you can form it in the state where the property is located or in another state such as Delaware if you'd rather.

So, I purchased a house in Delaware county that is owner occupied.