There are LLC registration jurisdictions like Nevada and Delaware etc. where it’s not expensive or difficult to keep up with the paperwork to maintain the dang thing, but don’t think you’re getting away with anything because it’s really a shell game: when you go to a different state to do business like to own a rental real estate investment there then you have to pay the local jurisdiction their foreign  entity fee which is identical to the local registration fee for an entity which is exclusively registered in that locality.  

Rebooting thread:I tried to get foreclosed once, as a complete novice and ended up learning a little (but mostly a waste of time).Delaware County, PA (so hello to the other Delco folks here (aka Steve Babiak) We were already somewhat familiar w/the house we wanted to buy (ok buying it as is w/o inspections etc etc). 

This is the world of Delaware Statutory Trusts.So my advice- build your equity.Best of luck!

@Chris Ragazzo Also, consider a Delaware LLC.

Would the smaller invoices under $2500 qualify to expense those under the de minimis rule or should those all be totaled together for the deck improvement and depreciated?

HI Guys,I am a newbie and currently shopping for a property loan for my investment property in Delaware.

Wendell De Guzman,Consider a Solo 401k instead if you operate a business instead.

Sam is a lawyer that specializes in real estate, and he says that you should never do a deal under your own name (it should always be under and LLC or other legal entity such as a partnership, Delaware Statutory Trust, LLP, etc.) 

That since it is a 2-unit property ( although, the county tax records have always and still do.... show it as a single family property with a de-tached workshop )The 2nd " unit " was originally a workshop when the house was built ( back in 1945 ), but some 20 years ago, someone put a bathroom, kitchen, bedroom and washer and dryer hookups in it I don't understand why he is saying that it won't go FHA 203K, when I have seen houses in worse/ more distressed shape than the property I am trying to buy.The house does need about $25,000 in repairs ( New AC unit, roof, painted inside and out, all new flooring, appliances 0It is a cabin type house, so the wires are stapled to the wall ..... to get by this and get it up to code, can't you just wrap it in conduit ?

Do tax liens typically sell to investors at the New castle county , Delaware sheriff sale ?