All it will accomplish is create a $800/yr tax bill from your lovely state.As to your question, read this thread:https://www.biggerpockets.com/forums/51/topics/1225072-do-i-... 

I love that you are continuing your mom's passion, and doing it together. 

Would love to know your thoughts about this trend.

Love the way you think.

Would love to connect and learn more about how you are wanting to invest! 

I'd love to chat with you more about the process.

They never charged money, they loved people that love to learn and hustle. 

.🎩 The Buffett ConnectionWarren Buffett's investment philosophy aligns beautifully with the principles of income-producing real estate, particularly through his well-documented love of dividend-paying stocks.🎯 The Buffett Dividend Strategy Coca-Cola remains one of the best examples of Buffett's philosophy in action:1988-1989: $1.3 billion investmentHeld for 30+ yearsGrowing dividend income streamShows the power of buying quality assets and holding for cash flow💳 The American Express StoryBuffett began buying AMEX in 1964 during the "Salad Oil Scandal" crisisMade a larger investment in 1991Berkshire now owns about 20% of American ExpressThe investment has generated billions in dividend incomePerfectly demonstrates Buffett's principle of buying great companies during temporary troubles (just like smart real estate investors who buy in good areas during market dips!)

We love fresh introductions.. how would you describe your perfect investment property?

If you have another company you could recommend that is less expensive, I'd love to hear.