It usually becomes an issue, when things start to break and non functional.

Biggest item is the anonymity. secondary would be the charging laws that WY offers.I figured to have an entity formed in AR because if not from my research you would need to qualify a foreign entity in AR so figured it might be easier to just form an AR LLC to hold the prop, and then it roll up into a WY that would function as a HoldCo of sorts and ultimately achieve my goal.will note that tertiary to this would be protection from each of us internally.

Now - these homes are functional and rented.

Additionally, rates are significantly higher now than they were a year ago, so the actual cost of buying a house is higher.The capital markets are still functioning well and debt is still available, it's just more expensive than it was for the past few years.

A HELOC may work a little more favorably in your situation, since it functions as an open line of credit - you have flexibility on how much you take out (it's not one lump sum like in a cash-out refi, and you only pay interest on what you borrow).

The most important function of the agent/attorney will be to protect you from any type of future liability surrounding the sale. 

.- About a month ago, he tells me he's depressed since his mom passed, his therapist has upped his meds, and now he can't function properly. 

We have functions out there quite often.  

Just reaching out here if anyone in South Dakota mainly Sioux Falls (or any place state wide) area is currently investing, mentoring in the self storage class. If

If you have a functioning lock on the exterior window, that should be sufficient.