On Fridays at 6, we have a resident HOA attorney on drinking schedule until 9 that'd I'd love to introduce you to, as well as sporadic visits from some great members in the insurance industry.

If you still have US real estate assets when you pass away your heirs will still benefit from the stepped up basis regardless of their residence so that shouldn't really factor into the equation.  

Good morning all, I'm currently a new resident of Texas and am interested in investing in real estate here.

If you want to open up your deal to non-accredited investors (investors with less than $1M net-worth excluding primary residence), there are very strict non-solicitation rules that would apply, to which your original post would probably disqualify you for.So, now you're left with an SEC 506(c) offering, which allows you to solicit accredited investors (net-worth of $1M and above), or taking general only partners, who have actual active roles with decision making power.If you're still want to take passive investors, you definitely want to talk with a good SEC attorney!

It is a C class building - good and nice location for what it is, but primarily caters to lower income residents.

@Carloz Gil There are principles from two books that come to mind:Rich Dad, Poor Dad, by Robert KiosakiYour primary residence (unless you do a house hack, a lot of information about that on this website) is NOT an asset.

Also, house hacking might be a method that can work for you if you don't already own a personal residence.

My business currently resides in my commercial property. 

I am currently looking at two possibilities one a foreclosed SF home and the other a duplex with renters occupying the residence.

@Katherine Weekes Not an expert, but if you hold the property & mortgage in your name, you can be held personally liable & all of your assets are at risk: personal residence, 401k, savings acct, all of your investment properties, etc.This could happen in a worst case scenario where someone dies in your property & the jury awards a verdict beyond what your insurance covers OR if the person dies due to something excluded by your insurance such as mold.