Hi Raza,I manage multiple weekly vacation homes throughout southern Delaware.

Greetings BP, My wife and I have four rental properties, all tenant occupied (two in SC, one in DE, one in VA). 

My home state is Illinois and I am considering Delaware, Nevada, or Wyoming to form my series LLC due to the cost but yet do business in Illinois.

Your tenant can twist an otherwise innocent statement into a big flaming lawsuit.Remember - de-escalation is your friend.

Most of the investors I incorporated would do something similar to this:Setup DE or NV C- Corp, file the S election with the IRS (no way to file an S corp directly with the state (any state) since the S-election is just a different way of filing taxes and nothing to do with the State.Then, they would set up an LLC (typically in the name of the street the property was located on) in the state that the property was located in, listing the S corp as the member or manager.  

This is the world of Delaware Statutory Trusts.

I am currently looking for something like a duplex in the delaware county chester county area of pennsylvania.

What's the going cap rate in reading PA

I’m originally from New York and have recently invested in Philadelphia and Wilmington, Delaware.  

Does anyone one have experience with or know of a reputable hard money lender near Delaware?