My partner and I decided to invest in the DE beaches area for STR vacation homes and condos, and spent 5 months and 26 visits to the area (a 3 hour one-way drive) before we started making offers through our local realtor that we were referred to. 

@Shane WelchIf the unit is not ready for its intended use - then the payments are added to your basis and depreciated once the property is placed into service.If the unit is ready for its intended use; the payment is expensed if it is a repair.If the payment is for an improvement; the payment can be expensed if it qualified for the de minimis election.

How to find a good residential realtor in Wilmington,DE??

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Ashley -   Our partners (Husband & Wife team also) bought and manage an STR in Rehoboth Beach DE, 3 hours away from us (With light traffic and making all the lights!) 

LOL Okay that wa a joke.....But you de need to check if that name has been used and if so to what degree do the others using that name own it.  

A good RE attorney will likely recommend something like a Texas or Delaware Series LLC, particularly if you grow your real estate business beyond a single investment. 

Also, it is advised to form an LLC in the state you are in, but then why does everyone prefer to incorporate in Delaware? 

Equity is far more value than fees and management fees are a de minimis cost of doing business."

For many, house hacking is a nice thing to do, and then the BRRRR method works.Look, if it was easy and everyone could do it (ie: invest, build wealth, make money) etc - then that kind of de-values money.