Good holding options besides an LLC?

[Norman Berman]

Hi folks,

Wowwww I am so pissed at my home state of California right now: 

I am planning out of state investments in buy-and-hold multi-family properties. (Insert standard California refrain: "It's too expensive here")

I was planning to form an out of state LLC to avoid California's annual $800 LLC fee.

However, California law requires that if an out-of-state LLC is managed from within California, it still has to pay the $800 annual fee!

This will destroy CoC return on my first property. And it means that I have to hold all my properties under the same LLC unless I want to pay the $800 fee for each of them.

Are there other options I can consider besides an LLC, which would avoid this fee?

Thanks!