Short Term Rental Startup

[Nick Crosby]

Just getting started in Real Estate Investing and unsure how to properly structure without going overboard/ over thinking it all. Where I am at now based off of currently living in CA is using a HELOC on my current home to finance purchasing a Short Term Rental. Putting the rental into a Land Trust, having the Trustee be a Wyoming LLC, and the Beneficiary being another LLC in Wyoming? This should give me any asset protection and also exclude me from the CA Franchise tax fee for owning LLC's correct?