Location of MHP and Entity State Creation - Does this matter?

[Account Closed]

I had the pleasure of having coffee this morning with Two Investors who own a Park in North Carolina but hey Live in California.  They created their entity in California which I was a little thrown off by.  To the investors who own several parks in several different geographical locations and states wouldn't it make sense to create the entity in the state to where the park is located?  If not, why?  Please explain.