I have attended conferences where lawyers have spoken on using Wyoming or Delaware for this purpose.  

Even if delivered vacant it can take a considerable amount of time to legally de-regulate a stabilized building and it mostly requires you to have the units vacant for a period time (no cashflow).

I am from North Carolina but manage my current rental arbitrage properties in Medellin, Colombia & Rio de Janeiro Brazil.Now, I am looking to start buying real estate - likely in the Raleigh/Durham area of North Carolina where I am from, but also open to new markets.I stretched myself very thin on my arbitrage business, so my cash is very low. 

Quote from @James De Stefano: Some of the more seasoned vets here know all about foundation repair, but for thought this could be helpful for anyone starting out.  60 seconds background:Houston is essentially built up on a swamp, couple that with back 2 back brutal summers with little rain, and nearly everyone I've talked with recently has some sort of foundation issues creeping up. 

In Delaware we have to give notice of non-renewal 60 days before the end of the lease. 

My name is Rolando De La Cruz and I live in Texas.

My asset protection attorney setup a Delaware Statutory Trust for my rentals.

Your lower level GCs can be just anybody, not the creme de la creme that they are in Cali, they're even fingerprinted and background checked with the FBI.

It’s fortunate that you’re in a border city.

Delaware - 8%Assuming there's additional nuance here with states like California and Alaska handling taxation at local levels, but what are you all hearing in your neck of the woods?