I do not know if appreciation is anticipated but all things being equal I would go CA due to prop 13 protection.  

We've done it before, you can even do it with IRA's by the person switching to a personally directed IRA.

So they really want you to get one done to protect your self.

Anyone happen to know the name of Bank of Americas asset protection company?

The Seller Finance Regulation Reduction Act will protect our industry against the over-regulation by the federal bureaucracy.

Some prefer to hold in a trust with an LLC as beneficiary for estate planning and privacy protection.

Additionally, a vacant property with no utility services, especially in winter months, can be a substantial increase in risk and the mortgagee both has the duty to protect the property and to notify the insurer of the changed conditions thereby increasing the risk of loss"

I think that every point that people have made especially all the comments on this blog have been and continue to be made with my best interest and to protect my decision.  

Getting cash flow is fun but always remember about protecting yourself from the legal stand point.

You will also want a policy that has business income protection, which means if the entire building were to burn down your loss of income would be replaced during the rebuilding and re-renting process.