Out of State LLC beneficiary to Land Trust for Rental Investment

[Sharad Vadher]

My Partner and I will be closing a single family rental investment property soon. LLC has multiple benefits with caveat of higher maintenance cost specially states like MA ($500). This may eat up most cash-flow. Land Trust has no recurring cost but misses Asset Protection. Would that be advisable to form an out-of-state LLC (Wyoming or similar other states) and make beneficiary to local Land Trust? Looking for a way to have asset protection and low entity maintenance cost.