I agree with @Collin Hays especially in a state like NJ that is very one sided in terms of landlord/tenant situations.

So if you are in a 30% combined tax bracket you get an additional $3K due to write offs.If it is a rental, you can write off the business expenses and the depreciation on the non land valuation. 

A participation in a Mf syndicate. 

We also have a house in Germany, but I do not think we can put that house in a trust.  

Not sure how active he is on BP, but you might be able to get some insight from someone who was in a similar position. 

Tenant is now saying that she’s in a hotel because the issue is getting worse and that the apt has had roaches for “years”. 

In a previous post, I discussed the difference in each of the most common cost segregation study approaches.

I live in a very expensive market (Seattle, WA) and I am looking to invest out of State.

Hi Beau, it sounds as though you guys are looking in a desired neighborhood as well. 

You can make real estate work in any market - I would consider investing in a market that you know.