LONGER VERSION ON CHINA:The challenge is China press is controlled by the government, and the goal of the government is to keep power.

Not to mention the costs of setting up and maintaining multiple LLCs in Delaware or whatever safe harbor to get you real liability protection.

The advantages such as being able to collect commissions on your purchase, access to the MLS and control over the offers you make far out way the disclosures@Abel Curiel  Next time you are in the area you need to try other BBQ places as Salt Lick is very pedestrian BBQ for us. 

They want to drive out oil and gas, they embraced gun control and chased off gun manufacturers, legalized recreational marijuana, they coddle illegal immigrants...it's just a matter of time before it turns hard blue.

Thanks,Kevin De Vargas, CPA

You could form the entity yourself, and it would only be an annual fee of under 300 for each partner.If this was solely in your name, and you had several, I would point you toward an attorney who specializes in forming Delaware Statutory trust.

By the way, one reason Landlords have a difficult time with tenants is the failure to maintain control.

I have a 1031 Exchange in my near future and in my market specifically(Miami) prices and therefore cap rates are out of control and ROI’s are not favorable.

However, my thoughts are that if you're going to spend a bunch of money on this, choose an option that results in individually controlled and metered units.

I currently work a standard “day job” in an office (actually located in Wilmington, DE), however my goal is to begin to generate and build my wealth in other avenues outside a typical paycheck and become more financially independent/free.