Here are some of the key things to keep in mind when choosing an asset protection strategy for your rental properties:Your risk tolerance: If you are not very worried about being sued, you may not need the best level of protection.

You'd have to wait, and it better actually if he 1031'ed into a new property and then lived in it...Otherwise, just another investor who didn't think through his exit strategy and unwilling or unable to pay the tax for his gains...Good luck.

@Christopher Lombardi Self-insurance makes sense in some scenarios when approached with a well though-out risk management strategy.

Depreciation recapture is something that real estate investors need to also be aware of when they execute a tax strategy similar to what Desiree mentioned above. 

To me, that strategy is highly questionable to justify a loan. 

Hey Leo, it is best to first identify what your strategy is and see if the market aligns with your goals.If cash flow is your top priority, Cleveland is the place to go! 

I'm just saying anyone who has a solid value add strategy that can be repeated over and over like buying and selling new trailers like this is an example of a strategy. but buying discount houses without rehab knowledge for out of state investors is risky 

I'd make sure you're able to run this strategy before diving into it any further.In the event you are able to run an STR where your properties are, I'd consider hiring a property management company that is a strong operator.

Duration of campaigns, list building, investment $, follow up strategies ....aka all your secret sauce ha 

I won't do a loan in NY but you can lean on me for a pep talk, strategy, or free how to fix your credit score.