However, a Delaware Statutory Trust might be a good option for you because it legally avoids the franchise tax issue and also allows you to scale your business without creating a new LLC every single time you acquire a property.

I agree with @Paul De Luca.

Quote from @Paul De Luca: Quote from @Matthew Perry: We bought our first rental property,  a triplex (home converted to 3 separate units) after several months of searching for the best deal.

@Brian Another option is a Delaware Statutory Trust.

Things could be painful, but you could likely weather the storm.If you do not have a significant w2 income surplus, then I would suggest de levering. 

After reading and youtubing I found out that a Delaware State Trust, or DST, is the best way to go. 

You CAN elect the de minimus which allows you to expense repairs under $2,500 however- the IRS is likely going to look at an ENTIRE bathroom repair as one large capital improvement.

As I was waiting to "de-plane" (a term that I've always thought was weird), I checked my cell phone to get flight updates on my connection - and the phone rang.

for what it's worth I contacted but below he said had a similar address but not exact. so asked for a hud a haven't heard back from him after I sent it this is the email that linzi de conte sent me after asking about oceanpointe info and who was on the closing.does this sound familiar to anyone just curious?

Hey folks,      My name is Ben and I currently reside in Delaware County Pa, right outside Philadelphia.