It may also be beneficial to seek advice from real estate professionals or financial advisors with experience in this type of situation.

Professional photos?

Make sure to carefully look into what and who you are investing in and whether their track record and experience is a good fit for your investment objectives.

How about this: TX trust -> Wyoming LLC(with a professional registered agent).Trust is generally preferred by lenders over LLCs.If OP gets sued for personal reasons, the plaintiff would not be able to discover his property even if they searched every state. 

To wipe out capital gains, you can invest in private real estate syndications where the work is done for you, and inside those deals the sponsors can take care of doing the cost seg to offset the capital gains.

It’s all multifamily, they don’t care about the terminology.

of course, consult with a professional, but recommend starting here https://www.irs.gov/taxtopics/tc701As mentioned, you still have to pay the depreciation unrecapture.Good luck.

While there are potential benefits such as consistent income and reduced management responsibilities, it's important to carefully vet any potential partners and ensure that your property will be well-maintained and treated with respect.

But when it comes to electrical and plumbing you must hire a licensed professional. 

Do I need to get permits or do they take care of that?