After looking at wyoming , Nevada and Delaware LLC, it seems that the kind of protection they are providing is not warranted or required or helpful for what my long term goals are. 1) Create an Indiana LLC to put the 2 properties in there.  

Whereas Delaware, Nevada and a few other States do not charge Income Tax.

Therefore, I am willing to make this first purchase as a means to learn about the process.The states I have narrowed it down to are Colorado, Texas, Tennessee, Delaware, and New Hampshire.

Many REO agents are really just acting as de facto property managers.

Hi @Lori Allred, if you’re an accredited investor there is an investment product called a DST (Delaware Statutory Trust) that might be beneficial for you to learn about if you decide to perform a 1031 exchange. 

Commercial Real Estate Investing by Dolf De RoosBest commercial real estate investing book I've read

If you live, work, worship, volunteer, or attend school in Bucks, Chester, Delaware, Montgomery, and Philadelphia counties over in PA ...than check out TruMark Financial Credit Union.

Sandy, if you have determined that further collection efforts will be futile you can de-board the loans.  

So if you invest in another state with a "series" from your Delaware of Texas Series LLC then you might lose some of the protections that you thought you had.  

Hello, everyone I'm from Wilmington, Delaware and I've been listening to most of the podcasts (I'm not going to pretend like I heard all of therm lol.)