Joshua,It's a Delaware Statutory Trust.

Many companies incorporate in Delaware due to the friendly corporate laws there.

@Alberto De jesus  Finding cash flow properties on the MLS does look like a challenge. 

Keep in mind that to defer all the taxes, the new property has to be at LEAST the value of the relinquished property and the debt on the new property should be more than the debt on the relinquished property, otherwise the difference between the two debts (if you were to de-leverage) would be a taxable long-term gain.

@Wendell De Guzman, I think that's a matter of location.

Delaware area who could help lead me to purchasing for hack rentals?

There was an empty lot at the end of one of the cul-de-sacs.

@Josiah Patrick Zebarth @Frank Vanegas @Christian Decker @DJ Dawson @Taylor Wrice-Brooks @Saudi Garcia @Ivan Ng @Chris De Celle @Mitchlyn D.

The security deposit can be up to 2x month's rent in year 1 in PA, but drops to 1 month's rent with year 2.My tenants pay anywhere from 15% to 70% of their rent with the Section 8 subsidy covering the rest.In Delaware County, PA, the housing authority is severely budget crunched.  

Most of our properties are in Cecil County, but some of the investors who attend are also in Newark/Wilmington Delaware area.