Another consideration is that if we have a major storm event, it is usually much harder to get a single family home back up & running than a condo unit due to differences in construction and difficulty in getting a contractor to focus on your home vs a larger condo association who can attract contractors that regularly provide services for the association or can attract contractors due to the scope of the project. 

Only thing about the Wyoming LLC and C-corps, etc is I don't believe I'm at the level where that makes sense for me to up keep the entity's with all the associated costs

The National Association of Realtors identified Toledo as the nation's hottest real estate market for this year, despite that it has been only a month in 2024, with Cincinnati (mentioned in my last post), Columbus, and Cleveland not too far behind.

Before the Karens potentially in this thread get self righteous I am not providing legal advice and @Adam M should retain proper legal counsel to prepare all documents associated with this syndication including compliance with SEC regs. 

What's the cost and paperwork associated with the subject to loan besides the usual closing cost? 

There's a big one that uses the word "alliance" instead of "association."

There seem to be hefty fees associated with that.

See if there is a white paper on NM tax sales on Tax Lien Investor Association website. 

All I can find online is the NJRealtor association ver from from 2001.

Only thing, you will definitely be paying more for the property in the long run, but if you aren't paying the mortgage and associated interest, who really cares?