About a year or two ago, there was a case called Drake Manufacturing where a Delaware Corporation went to a trial, won a $300k judgment, but then lost it on appeal because it never registered as a foreign corporation.

This is the world of Delaware Statutory Trusts.

Purchase price: $180,100 Cash invested: $35,000 Sale price: $235,000 3,610 sq. ft.2-story colonial style5 bedrooms2 full, 2 half bathsThis spacious, move-in ready 2 story is located in a family-friendly neighborhood, on a quiet cul-de-sac, close to Kennedy High School, Transamerica, shopping, downtown, and Interstate 380.

@Ruud Van de BeetenHi Ruud,Thank you very much for the info, I will definitely check it out.

By reinvesting in 1031-qualified DSTs (Delaware Statutory Trusts), you purchase ownership interest in multimillion dollar properties that offer long-term income where you don't have to be the landlord. 

I would also suggest to purchase a couple properties yourself before you start investing other people's money.Also, here are my favorite books:Multifamily Millions by Dave LindahlThe ABCs of Real Estate Investing by Ken McElroyThe Complete Guide to Buying and Selling Apartment Buildings by Steve BergesCommercial Real Estate Investing by Dolf De RoosTrump: The Best Real Estate Advice I Ever Received by Donald TrumpTax Free Wealth by Tom WheelwrightCommercial Real Estate 101: How Small Investors Can Get Started and Make It Big by David LindahlRaising Private Capital: Building Your Real Estate Empire Using Other People’s Money by Matt FairclothThe Definitive Guide to Apartment Marketing by Josh GrilloInvesting in Apartment Building by Matthew MartinezCrushing It in Apartments and Commercial Real Estate by Brian H MurrayThe 7 Secrets to Successful Apartment Leasing by Eric Cumley2 Years to a Million in Real Estate by Matthew MartinezBurn Zones: Playing Life’s Bad Hands by Jorge NewberyCommercial Mortgages 101: Everything You Need to Know to Create a Winning Loan Request by Michael ReinhardIt’s a Whole New Business!

I live in Washington Township but invest in Delaware.

They, however, did say an option could be to come up with a plan for a system that would dispose of sewage water to another area of suitable soil or off-site to an additional property.It's 2 lots, with one being a corner lot, in a subdivision, on a street with a cul de sac.

Treat your partnership as a formal company, do the due process, have stuff in writing... don't make the decitions and stuff personal, is a business transaction in which the common goal is an entity of itself separated from you as individuals....Partnerships are good, they bring synergies and potentiate your growth, but be thorough, crystal clear and put EVERYTHING in writing, words (opinions, verbal compromises, intentions... etc.) are worthless when S** hits de fan

@Paul De Luca gave some great advice.