Looking for tax/legal advice on LLC for SFRs? MD & FL

[Jon Dorsey]

**Looking for advice/guidance before going to my CPA/Attorney and I know that’s not you.**

I own two SFRs in my name. One is in MD and the other in FL where I'm a resident. I want to establish a LLC for asset protection and tax reasons.

The structure would be to have the LLC lease my properties from me and then sublease to tenants (to avoid due on sale clause and not pay transfer taxes). Once paid off I'll deed them over.

Can I just form the LLC in FL and run all rents, expenses, etc through it without having to register it as a foreign entity in MD or file a MD state income tax statement?

I appreciate any guidance or experience in doing this. I want to do things correctly and would prefer to legally avoid MD’s high taxes when I don’t live there.