It looks like you are an experienced investor that has a good source of income, but numbers by themselves don't answer the primary considerations.Are you looking to grow income, grow appreciation or perhaps grow tax benefits? 

I believe this is considered active income.

Depreciation many times offsets a large chunk of income. 

Just closed on a 3/2 with about 18% NET income per year.

Stop harassing my accountant.

i think there is a misconception that a syndication is like a savings account... although this OP seems to have a strong understanding.if you have 25K to your name... or even 100K... you're not ready. 

I live in Southwestern Connecticut, and am looking for places that are not only ideal for escaping the winter months but also have strong potential for rental income/future resale value of the property.

There are specific requirements though when using the rental income.

@Michael Plaks @Randy Rodenhouse Account Closed This is all really good info and exactly what I was looking for, thank you.

For example, Inheritance tax, capital gains tax ( not planning on selling but just in case), etc. do we create an llc within a trust or do we create a corporation. my accountant recommended a c corp and doing a title transfer but from the research I've done the leaves us liable to capital gains tax.