Do any of you have experience with one or more of the Delaware Statutory Trust companies such as Kay Properties & Investments, LLC?

I'm an investor and realtor in Delaware.

We work in areas like Chester, Delaware, and Montgomery County.

The lot size, the pool, and the quiet cul-de-sac location provided great bones, and with the right upgrades and modern touches, it could command a much higher price in the competitive Hamptons market.

For example Delaware has additional default rights and processes that an investor can follow if they feel they are not getting old books and records.

Appreciate the shout out @Paul De Luca!   

That said, realistically, I don't think you can go below the 6% - 6.5% range.One question I would ask is if that 3% can be better spent somewhere else to de-risk your deal.

BP has built a great selection, all of them worth reading and that will help you build foundational knowledge.To answer this one: the words from old school investor Dolf De Roos "seldom sell" and you will find a lot of post on BP from people who regret selling properties in the past.

@Sofia De Santos Tavarez if you haven't already, have the property professionally inspected.This should catch MOST of the structural, health & code issues - but not all.

Over rehab de property and it wasn't the ideally neither