You can set up your LLC or SLLC in a AP strong state like TX, NV, DE. then invest wherever you want in whatever state you want.

Based on your posting the damage seems to be extensive, especially since it’s affecting the structure of the home such as a floor beam, sill plate and subfloors.It appears there is active termites as well as a beetle issue and both must be resolved before repairs can de done.You didn’t mention home value, just purchase price so it’s difficult to say what to do from this point.At a minimum, I would have the termites and beetles dealt with and get a bond from the termite company to cover the first year for more treatment.Also, have a licensed contractor give you a repair estimate.

I just purchased my first rental property in Wilmington DE  yesterday and I need some help finding a roofer and someone to replace a central AC.

I currently reside in Delaware.

Hello BP family,  I’m under contract on a triplex in Propspect Park, PA, Delaware county.

To use this type of contract it would be good to get legal counsel on whether it could be considered a de facto net listing.

If you don’t want to go the management company route and are comfortable with going passive, check out DSTs (Delaware Statutory Trusts).

Bill De Jong Ask for references from other note investors and JV partners.

Other things to consider - do you need cash flow, do you need cash out of the sale (which will be taxable, but could do a partial 1031 exchange), what will you buy as replacement property on the other side, do you want to manage real estate on the other side or have totally passive real estate...If you’re considering an exchange, want to be hands off, and are an Accredited investor, you could exchange to a DST (Delaware Statutory Trust).

With owners that live out of state, we need help keeping it that way.If you have any recommendations, we'd be really grateful.Thank you,Tyler De Young