The Delaware Statutory trust (and its cousin the Tennant in Common TIC) are 1031 compliant vehicles designed to give you the ability to defer tax in the 1031 into a passive fractional ownership of a much larger property. 

For example, it may require that the partners pay themselves for driving their personal vehicles for business purposes and for maintaining their home offices.

Your 10 x 10 door spec, again, no mechanic would use that building, both from an entry way standpoint and inside they will want to put in at least two vehicle lifts, which your roof line would be pushing it with a 10 foot door (12 foot ceiling??).

A legally recognized entity under Delaware state law, this structure offers an opportunity for portfolio diversification and acts as a tax vehicle for tax deferment on large capital gains, making them a popular choice among 1031 exchange investors.

Just an update, it’s been over 5 years since I learned about Realestate, I still haven’t started yet for a variety of reasons, my personal issues, my fears, my lack of knowledge etc. in case I know Realestate is a vehicle i can use and accomplish many a things.

(Three vehicles with two drivers).

I will tell you a personal story that changed my life.I thought I had all the time in the world but at age 16 in a span of 2 years I lost my dad in an auto accident,my grandmother,my grandfather,my best friends dad to cancer 2 weeks before my dad died accidentally and my family (brothers) thought we were rich off of my dad's death so sued us in court (how nice).I was only 16 at the time and my world imploded.From that I learned the value of TIME and how rare it is.Instead of living to make my dad happy I redefined what I wanted my life to be which took me awhile to figure out.I owned a restaurant later on in life (my 20's) and made great money but the hours and problems were a killer.My weight went up to 280 and my cholesterol was at 300.I sold it off and took a few years off and regained my health and sanity.I learned from that experience that money IS NOT everything.It simply is a vehicle to accomplish my goals in life but I am not a slave to it.I believe you are much more rich and powerful when you are centered.Being centered is achieving a harmonious balance in as many aspects of your life as possible.I know people who have lots of money but are miserable.The kids hate them and the wife left them.The job didn't end up being the end all they thought it was.I believe for brokers and agent we need to specify residential versus commercial.In residential YES if you are working with small investors buying dumpy little houses you will work hard for a little return.I don't do residential housing.The headache is big and the returns are small (a few thousand if you are lucky).In commercial most of my clients own businesses and operate during the week.They value the weekends off and down time just as much as I do.Now if someone wants to fly in and is looking at big purchases I will make time but not at the last second.I will also qualify them before spending any time with them.I invest and buy properties myself so I understand time and money.A broker/agent being HUNGRY is all relative to their experience and knowledge and level of deals they are doing.I love commercial because my sales price and commission checks are much larger.Smallest deals typically are 500k and most are in the millions.Selling a 30k house I would have to do 34 deals to do 1 deal at a million sales price.As you can see just like investors not all brokers/agents are equal (the same).I believe the problem is expectations going in from both sides.The benefit for a broker/agent is with a starter investor the sales price is small but you can grow in deal size with them over time.If you already have investors purchasing large properties you don't want to mess with the small deals.So it's all really about where you are at and where you want to go for a broker/agent and as an investor.We are all I believe looking for the same thing.Independence to live the life we want BY CHOICE and not BECAUSE WE HAVE TO.

Don't your personal assets (other properties, personal vehicles, etc.) become at risk during a lawsuit if something were to happen sans entity?

I’ve always aimed to use real estate as a vehicle to build some wealth since my career choice will never provide that.

I been in the car selling business since 2013, basically  I lease an dealers license from a used car dealer, buy vehicles at dealers (only) auctions where you buy them at trade in value and sell retail, currently i buy cars that are ready to sell, its worth it to me even if i have to pay a couple hundred more, get em detailed and put them for sale at the used car dealers lot, once the car sells, i just pay my fees + sales man commission and get my check.My impression of RE is that there is way to much risk compared to what im currently doing,  you have to get approved for a home, unless you want to pay high dollar you have to get a fixer upper, appraise the home prior to buying (if dont purchase , lots $),have a reliable crew that will not rip you off and complete in time agreed, ect,ect.ect