A properly set-up DST will both protect your assets and bypass the burdensome franchise tax that would be levied against a Series LLC.The Delaware Act expressly provides that “[n]o creditor of the beneficial owner shall have any right to obtain possession of, or otherwise exercise legal or equitable remedies with respect to, the property of the statutory trust.” 12 Del.

The website you took this graphic from explains the categories reasonably well in layman's terms (at least it seems to me).Preempts rent control = state law forbids state or local rent control.Has no Rent Control nor Preemptions = no law against rent control and no de facto rent control in the state.

In New Castile County Delaware, almost nothing short of an addition needs a permit.

Potential 1231 Loss to offset your 1231 gain.5) IF one of your other properties is pricey enough and not already done, consider a cost def study and get the basis broken out to take some bonus / de minimis6) Was this a loss property in the past with passive activity loss carryforwards?

But you definitely seem to be on the right path of "de-aging" the home (IE removing gold accent hardware :) ). 

In the 1031 Exchange world, the most common syndication was the Tenant-In-Common Investment Property (or "TIC") and is now the Delaware Statutory Trust (or "DST").

@Wendell De GuzmanCan you tell us more about it?

I did that here in Tampa and Rio de Janeiro, which is where I am headed next.

Bear in mind, our coverages we offer via the carriers I have referenced are all "ISO-based"...ISO is Insurance Services Office, sort of a de facto "stanardizer" of policy forms, etc...most insurers utilize ISO.

M& T only in: Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Vermont, Virginia, Washington, DC  not CA  ONLY owner occupied today : Acceptable Collateral1- to 4-family owner-occupied homes, town homes and condom​​iniumsVacation homes (only available for lines up to $250,000)Deeded manufactured homes (only available for lines up to $100,000)​7All the others also a no in CA @Calvin Thomas