To add an extra little twist, I live in PA, am looking to buy RE in Maryland, but am thinking about a Series LLC from Delaware.

@Jorge De Jesus My thinking right now is to start off birddoging for my friend. 

Like Josh mentioned, an option for a 1031 exchange, when the replacement property is less than the relinquished property, could be a DST (Delaware Statutory Trust).

GSuperb work in such a tough market (salut de Montreal)!

If anyone has experience doing this, particularly in Texas, I'd love to speak with them. 3) The options I de-prioritized, but may look at later are: + Holiday rentals: A good backup if neither of the above work out.

Looking for some guidance here.I found few multi-family rental properties in Wilmington, delaware area - zip code 19801 - 19806 with positive cash flow.

Those tenants in SFHs we also leave a snow shovel and bucket of de-icer (we no longer use NaCl).

The corrected cash flow analyzer by @ Wendell De Guzman is for multi's.

Hi,I am looking to purchase an investment property in Red clay school district , Delaware.

Best option is to de-personalize it, either be the "property manager" just acting on behalf of the owners, or hire a property management company (the bigger the better).If you can afford it, I'd also consider ending the leases (and evicting if necessary) all the units, then it's obviously not personal - you just explain that the new owner wants to renovate the whole property.