But certainly not for wealthy people.In any event, your original question was about where to set up your entity and I believe that has been answered.

What I came up with was figuring out which scenario was going to build me more wealth.  I

Due to Miami expensive prices and coming from a non-wealthy family it has taken a few years to finally get into investing.This is about all I have for now.

Im seeing more of these signs in the wealthy suburbs of DC than in the poor suburbs or neighborhoods which seems odd to me.

The best wealth is built buying and holding rentals and flipping can be a source of additional money to accomplish that.

I also congratulate you on realizing that a J-O-B is NOT the way to financial independence and you chose real estate as a way to build wealth.  I

Which matches my sentiment that you need about $5 million to begin feeling like a true "millionaire", which I define as being independently wealthy; having FU money to do what you want, etc.

I don't really know the difference between long-term cash flow and long-term wealth.   I

You may want a portfolio worth $1 M but if you're not cash flowing then that's not really wealth is it?

You will be taking a lot of money from a lot of wealthy people and they will want to know that you know how to steward it well.