Foreign Entity LLC "Transacting Business" State-by-State

[Damon Wong]

Does anyone have a list (published or just via experience) of States that DO NOT recognize ownership of rental property as "Transacting Business" in their state?  

Most states have vague definitions of "transacting business" (which is for the better), but I've heard some DO have precedent of exemption/waiver if the activity is owning rental property. I've already reached out to a handful of state/local attorneys in various states, but I figured someone might have already gone through this research. *I do recognize there are many nuances to "owning rental property," but am just looking for basic-level precedence (i.e. Foreign LLC owns property, hires a local/3rd party property management company to operate the rental).

Any input is greatly appreciated, Thanks.

-Damon