Quote from @Lindsay Op de Coul: Hello @Anthony DiSanzo!

The house is located in a nice queue-de-sac neighborhood and is estimated at over 700k. 

Originally posted by @Steve Morris:Also, you should ask a CPA since there are tax consequences if you follow the rules :)It is income like a lottery ticket.Doesn't the IRS have a de minimis safe-harbor exemption?

Noone in delaware I know of has ever seen it happen.

@Joshua De Young  The 5% is only an approx on interest rate but it's probably pretty close to what the bank will charge me.

There is a little corner near Motivation High School, right the border with Delco (Delaware County) you’ll see big twins, 250-300 ARV.

@Glenna Wood @Alison ZywickeIn addition to the OZ's, and Delaware Statutory Trusts (DSTs) the other lesser known DST, the Deferred Sales Trust can also provide a vehicle for deferring taxes.

@Riquelmi De La RosaqWelcome to NY and the bittersweet experience of living in one of the hottest real estate markets.I am a realtor based in Bed-stuy and the market right now is so so so hot.$300k in Brooklyn or Queens can maybe get you a cash deal requiring most likely a gut renovation.The market here is extremely bizarre.

New Western doesn’t appear to do business in Delaware.

You are in California, therefore you get special treatment - a SLLC (or regular LLC) might not be the best option for you due to the $800 fee, I think Delaware trusts are the way to go for CA.But here is a diagram to help you on your quest: