The property and the leverage should be de-coupled completely.

My name is Orlando De Los Santos, I am 23 years old.

@Tom De MoyaTom: Based on what you shared, this looks like an interested deal.

I currently live in Northern Virginia and will be out of the country by the end of the year (US State department, so paying VA State taxes whilst out of the country).Advice on whether to setup the LLC in DC, VA or Delaware?

@David De Luna - This is excellent feedback and like what I'm seeing with cozy.co so far. 

Bottom line, I’ve spoken to my area rep regarding this subject numerous times and she told me that she does have Investor clients and that a home warranty company can act as a de facto property manager.

I live about 30 miles north of Baltimore City in a town called Havre De Grace.

I finally settled with a Delaware Statuary trust setup as a series for each property.

(Just kidding, of course.)Seriously though, since the cost of removing a tree is under $2,500, you can simply include a "Safe harbor de minimis" election with your tax return and avoid the entire debate.Click here for an explanation, but skip the tedious details and just scroll down to "How do you elect..."

@Matthew P.Most of my out of state clients form AZor DE entities to hold their properties here in Arizona.