That would considerably de-risk the project and give me a path to having the thing done AND having my great current mortgage at 2.75% at the end.

previous owners have been able to get financing with a called Delaware pacific.

Are there alternatives to Anderson and Royal Legal Services for the formation of a Statutory Trust (Wyoming or Delaware)?

@Josue De La Torre I prefer conventional. 

But if you really feel "forced" to rent to criminals, don´t want to and you are in Burlington County, we´d be happy to discuss potentially acquiring some or all of the properties in your portfolio so you could use the proceeds to invest in real estate in NY, PA, DE, etc. or find non-real estate investments in NJ. 

Here are the book club books for my on-market real estate team for the past three years:2023 Streamlined Properties On-Market, brokered by eXp Realty Book Club Reading ListJAN - The 12 Week Year - Brian Moran, Michael LenningtonFEB - Atomic Habits - James ClearMAR - Objections - Jeb BlountAPR - Joy at Work - Marie KondoMAY - Exactly What To Say: For Real Estate Agents - Phil Jones, Chris Smith, Jimmy MackinJUN - The Full Fee Agent - Chris Voss & Steve ShullJUL - Awareness - Anthony De MelloAUG - Jab, Jab, Jab, Right Hook - Gary VaynerchukSEP - The Tipping Point - Malcolm GladwellOCT - Scale - David GreeneNOV - Effortless - Greg McKeownDEC - Discipline is Destiny - Ryan Holiday2022 Streamlined Properties On-Market, brokered by eXp Realty Book Club Reading ListJAN - The Compound Effect - Darren HardyFEB - Think and Grow Rich - Napoleon HillMAR - Hyper Sales Growth - Jack DalyAPR - Fanatical Prospecting - Jeb BlountMAY - Who Not How - Dan Sullivan & Benjamin HardyJUN - This is Marketing - Seth GodinJUL - Skill - David GreeneAUG - Big Money Energy - Ryan SerhantSEP - The Happiness Advantage - Shawn AchorOCT - Unshakeable - Anthony RobbinsNOV - The Book on Flipping Houses - J ScottDEC - The Obstacle is the Way - Ryan Holiday2021 Streamlined Properties On-Market, brokered by eXp Realty Book Club Reading ListJAN - The Miracle Morning for Real Estate Agents - Hal ElrodFEB - 7L: The Seven Levels of Communication - Michael MaherMAR - The One Thing - Gary Keller & Jay PapasanAPR - The Slight Edge - Jeff OlsonMAY - Sold - David GreeneJUN - The Conversion Code - Chris SmithJUL - Never Split the Difference - Chris VossAUG - Rich Dad Poor Dad - Robert KiyosakiSEP - Essentialism - Greg McKeownOCT - Ego is the Enemy - Ryan HolidayNOV - The Five Dysfunctions of a Team - Patrick LencioniDEC - Zen and the Art of Happiness - Chris Prentiss

However, a Delaware Statutory Trust might be a good option for you because it legally avoids the franchise tax issue and also allows you to scale your business without creating a new LLC every single time you acquire a property.

I agree with @Paul De Luca.

Quote from @Paul De Luca: Quote from @Matthew Perry: We bought our first rental property,  a triplex (home converted to 3 separate units) after several months of searching for the best deal.

Acquisition: ARV: $210,000 Mortgage Payment (PITI, including solar, and AC): $1,600Existing Mortgage: $144,000 Arrears: $24,000Mechanics Lien: 3,500Solar Lien: $3,500Closing Costs: $3,500Repairs: $10,000My partner and I would come out of pocket $34,500 to bring him current on his payments then invest another $10,000 into touch up repairs.