Or, if you are doing a syndication, and have investors other than yourself, you might want the LLC to be registered in Delaware, because the laws there are most friendly to corporate sponsors and make it slightly harder for shareholders to sue successfully.  

You could use local properties acquired via 1031 as a de-leveraging strategy.

Welcome to the BP community, Reggie @Katheryn De Leon!  

Trying to find real estate under 50k in the philadelphia/nj/de or tristate area is in mass abundance!

http://www.indy.gov/eGov/City/DMD/IHPC/Districts/Historic/Pages/irvington.aspxIf your prospective property is on S Spencer St, you are very close to the western border of Irvington.If you are trying to assess the market value, have you pulled MFR comps for it in the near vicinity?

@Justin Windham Enjoy your vist, please don't judge our state solely on Myrtle beach or South of the Border.

Also, there's a place called gross pointe which borders the east side of Detroit; cross 1 street and you go from burned out husks and grey concrete to green boulevards and $2m houses. 

I've lived in multiple locations in Saint Paul but this is actually Roseville bordering Minneapolis.

http://www.masslegalhelp.org/chapter-3-security-de...

Originally posted by Michael Seeker:Originally posted by @Wendell De Guzman:Yesterday I won a BID on an auction on a house in Lagrange IL.The Good:ARV -  $1,000,000Acquisition Price: $380,000Repairs: $200,000Profit Potential: HUGE - about $300,000 profit even if you assume 12 months holding costThe Bad:The house is a HISTORIC home.