How does the trust establish residency in a zero tax state like say FL so as to make the trust assets last longer for the beneficiary?

What i would like to know is how increasing vacancies in a class A apts effects b and c properties.Also have to remember we are in year 10 of artificially low interest rates, and this financial engineering is INTENDED to rev the stock market and inflate asset values.And the next logical question is what happens as interest rates go up?

One things we are a bit confused on is how to show the assets (rental homes) and liabilities (mortgages) of the properties we hold in 3 way LLCs.

A loan in 2nd position can foreclose and obtain title for the property subject to the loan in the 1st position.Only title work can determine the order of liens.

I'm just not sure of the step by step process to obtain it.

I think personally you would not be wise to change a very solid carefree investment for something you have no knowledge of.One thing you may consider if your itching to do this.. is find a syndicator that may have a TIC opportunity let them do the heavy lifting and you can still do your 1031.but man i would not mess with a great thing. to move down in asset classMulti is quite frothy good to stable properties are selling at 4 to 6 caps... 

Usually the accelerated depreciation of the 5-year assets (personal property) is spread over five years.

@Eric B.From an asset-protection standpoint - there is likely little risk to your assets from owning tax liens(my opinion).

They have fences separating the units with each unit having their own yard/space.I would refer to myself as the PM and not the owner.I would live in the worst of the units and rehab it.Once rehabbed I would move into the next worst unit and rent the just rehabbed unit at top of market prices.I would then rehabbed the unit I moved into (the current worst unit), and once it is rehabbed I would rent it at top of market.Repeat for each unit.When all units are rehabbed you have a fully rehabbed property obtaining top of market rent. 

I'm going to setup a meeting this week and I was hoping to get feedback on the question list I have come up with.Thanks for any adviceSteve_____________________________________________________________________________________Is it time to use an LLC to protect the assets?