@Wendell De Guzman, you're absolutely right.

I've bounced off an idea of setting up a Wyoming, DE or Nevada LLC with a couple of attorneys last week.

Here's the podcast:http://www.biggerpockets.com/renewsblog/2014/04/10/bp-podcast-065-creative-investing-wendell-de-guzman/Also, you can learn a lot by following my weekly business update where I share with BP Nation what's going on with my real estate business.

Originally posted by @Rachel De Villava:Has anyone had success building a small multi-family (triplex or 4-plex) from the ground up that cash flows?

The more non-rental payments are "de jure" rather than "de facto" the better case property owners have for compensation in the face of defaults. 

Should I create an LLC in one of the friendlier states (Wyoming or Delaware) or directly in Vermont to have a presence in the state.Thank you in advance for any replies.Henry

First, I want to de-emphasize your age.  

I live close to Maryland and Delaware beaches & I know the area like the back of my hand.

I am looking to connect with real estate investors, cash buyers, agents contractors in the Delaware area as well as DMV area.

Quote from @Paul De Luca: @John HuynhI would ask a lender to get the most accurate estimate of closing costs.