Best state for holding LLC for taxes?

[Chris Kirkman]

My wife and I have the strategy of owning investment properties under LLCs formed in the state each property is within and want to place all these LLCs within the ownership of one holding LLC. We live in California in a home we own but don't intend to own investment properties or any of those LLCs in our own California state. This holding LLC will be split between my wife and I and nobody else.

I know Wyoming is fantastic for liability protection but we are also, and more eagerly, looking for the best for tax benefits from depreciation write offs, expense write offs, and taxes from cashflow from all the LLCs that’ll be under it.

Would Wyoming provide just as good of tax benefits as other stats or is there another state that’s better with investment real estate tax benefits, especially with owners from California?

Thanks for your time and insight!