Do not invest in your state of NY.

This has the potential to be passed later this year.For additional questions, checkout this article on Cost Segregation FAQs.Have you had a cost segregation study performed on your single family home?

Article says it's a growing product.

A fund would need a Security offering and then you would need a MLO or Consumer finance license or RE Broker license to make the loans in the State of CA.. one of the 3..

I’ve determined after much research that my existing markets make more sense for me than going out of state.

No matter what option you choose, it's going to cost you.I recommend you get them out and then consider selling the property and investing in a State with fair laws and court systems. 

The buyer can add a performance deed to the transaction which basically states that if the buyer defaults on the loan, the property is transferred back to the seller without a long and costly foreclosure process. 

I did speak to an attorney and she also stated that Dallas county is tenant friendly similar to Chicago, it's not uncommon for judges to change court dates at last min and give tenants unnecessary leeway. 

However I have done residential real estate deals in 13 states using various exit strategies and my main advantage for this project is that I own a GC company within range of the property with experience handling large scale projects.

We have a lot of timber tracts that are adjacent to state and national parks.