Quote from @Oliver De Ausen: I have a Bennah Oaks investment as well.

I am in the Philadelphia / PA / DE / NJ area but for the purposes of sharing experiences, anywhere is great. 

But the state (Delaware) just enacted a 4.5% tax effective in January. 

I would tell folks at the time with 30k brand new homes that Lehigh was probably one of the cheapest places in US if not the world to live everything considered US medical and fire and police etc etc and no state income tax.So here we are today de ja vu all over again with hundreds of investors stuck with half built houses and a the vast majority of all these were spec for rental purposes not to live in..

https://docs.google.com/forms/d/e/1FAIpQLScJ6HcyRJGSLyP9_xX5...

Cheers, it's ballpark like algebra.You can't easily solve this:a + b + c + d + e = fBut you can easily solve this:44 + b + 23 + 13 + 48 = 155And, once you have solved that, you will likely be able to solve one with 2 unknowns, and work from there.

@Anthony Dupre For out-of-state real estate investments, consider creating subsidiary LLCs in each property’s state for liability isolation, owned by a parent LLC in a state like Wyoming or Delaware for anonymity and strong asset protection.

Evictions take months here in DE so you could potentially lose out on 4 months rent or so and have to rehab the house. 

I have had a bad attitude toward Delaware Statutory Trusts (DSTs) for a long time... with their high fees and low returns.

The currently available PPR Note Fund (DE) invests in 1st and 2nd mortgages, performing and re-performing.