The added benefit of this process is that you can also have your attorney sign the public records as "Nominee Trustee" before assigning yourself as the "Trustee" once the trust has been established.

Given this understanding, you would be eligible to establish a self-directed Solo 401k which allows for investing in real estate.2.

The length of time required to establish residency varies from city to city and state to state but you will want to nail down this length of time incase you have a renter who decides not to leave when their 30+ day stay is over. 

@Robin MikolyskiLook for how to add an ADU and establish a good relationship with a bank.

That said, I'd like to establish the rental property plan.

One company owns everything and does nothing (this is your SLLC a/k/a “asset holding company”) and a completely separate company handles all of your operations (this is a traditional LLC a/k/a “operating company”) For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

In MA, I have to establish separate security deposit accounts by tenant, for all tenants, and issue them an annual update and interest payments if any, Since I'm entitled to collect handling fees, interest rates are so low, that the handling fees exceeds the deposit, and it's written off.

But if you do your 1031 and position the replacement in a tax free state like FL or NV and then later establish residency in another tax free state you will be able to sell that asset and you would only pay the tax due the state where the asset was and where you reside - in other words zero!

Here's why:"An LLC for real estate is an established legal entity that allows investors to purchase and own real estate in such a way that protects them from personal liability.

Hey @Daniel Townsend,Whenever you end up partnering with anyone it's generally smart to establish and LLC, and through it create an operational agreement.