After inspection, I told her that I could only offer $1k due to property condition, but she would no longer have to pay the taxes or any of the expenses of maintaining the property and I would handle cleaning out the property.How did you finance this deal?

For example, there's no law against renting to professional bull riders but I won't do it because they are typically not good with finances or maintaining a rental.

Then my AC guy goes in every spring to maintain the AC and he does a walk thru as well.

I sold 100% of my REITs (and stocks in general) in early January.

Housing cannot go up and up and up with no end, employement can not always be at record breaking lows, stock market cannot always be at record breaking highs -- all while debt load has hit record highs as well, and that a recession should have already occurred in 2017, 2018, 2019, but the Governments did everything they could to keep the economy artificially propped up each of those years.

@Tyler Brunette I am also a stock investor and have been taking advantage of the down market.

I have been researching corporate structures and am getting some conflicting information.A tax adviser is suggesting that I setup an LLC in Wyoming, with a trust as the owner, and with me as the sole beneficiary of the trust.I read several articles that say I may have to register the LLC as a foreign entity in my state, New Jersey, because I would still be "transacting" in in my home state.I read some exemptions on what constitutes doing business though:(7) creating or acquiring indebtedness, mortgages, or security interests in real or personal property;(8) securing or collecting debts or enforcing mortgages or other security interests in property securing the debts and holding, protecting, or maintaining property so acquired;I'm trying to figure out what the bolded section means as far as owning income producing real estate, it looks like it may be exempt?

The likelihood of falling house prices and more stock is growing.

Simple way to think of it is with the additional principle, would you rather invest it and make "x" (x being whatever return you can generate through RE, stock..etc) or use it to minimize the 3-4% interest rate that's locked.

I am used to sellers showing NOI that would be challenging to maintain over the long-term.