Best Structure for Asset protection for California out of State

[Alex S.]

I was wondering if other Investors would Chime in.  For California Investor that is investing outside the state. 

What Structure do to you recommend? Does it matter if  you own properties in that  entity state specific state.  What if you own in multiple states example  Phoenix, Tx and Tn

-Thoughts on Arizona LLC as they have on $50 annual filing fee( and strong protection rules) vs other states that carry much higher annual fees.

Also Thoughts on California $800 annual filing fee.  

Any California Investors found optimal strategy?

Appreciate all feedback.

Alex