Consult with a tax professional familiar with your state's laws.The Biden Administration's proposed FY 2024 budget includes the creation of "capped deferral" for 1031 exchanges.

So then what is the formula for wealth creation, I am sure it is investing in local real estate.

Does anyone have any experience, tips, advice, or recommendations when dealing with these anonymous or none anonymous Wyoming LLC creation law firms?

However during creation i noticed it is asking for either domestic or out-of-state setup.

That's where the real money is.... the wealth creation. 

It's called the VMAR method, which stands for Value Creation Catalyst, Modest Appreciation, Affordability, and Rent to Value Ratio.

It also seems as if the appeal comes from more than just the simple idea of the investing side, but also in the form of online content creation and showing and teaching others how chase after the tiny home idea that carries a big ROI.

But the main purpose of delineating cap rates here, is to understand the meaning of NOI in the creation and assessment of value for an income producing project.

That said, once you get the place painted and are ready to start your search for that next tenant, there are some great tools that can help you bring a certain level of automation to your rental process so you search for that next tenant becomes that much easier (ie. a platform that helps with listing the property to 10+ sites, tenant screening, digital lease creation, online rent collection, and maintenance tracking).

LLC creation is not an indicator.