I've devoured all Youtube videos and form posts related to setting up an appropriate entity structures. I've also spoken to a few services popular here on BP. At the end, I'm still confused.

Here is my situation

- W2 earner in CA. Have Living trust set up.

- Looking to invest in TX

- Goal is to own one or two LTRs in the next year or so and then take a decision on scaling up.

- REI for me is for passive income

- Foreign LLC registration in CA is ok. I'm ok to pay franchise tax for 1 LLC.

Ideally, I'd have set up a TX LLC to hold property and WY LLC as holding company holding individual state LLCs. However, in CA there is an added franchise tax of $800 per year per LLC, so this structure is not financially viable for small scale investing,

Anderson Business Advisors - Suggested to create a TX LLC, WY Trustee LLC and WY statutory trust. Add land trust to hold title since I'll be getting a mortgage. However, they kind of force you into a platinum membership and the upfront costs was quoted around 7k.

Royal Legal Solutions - I only did an initial call with them and didn't schedule the entity setup discussion for $97. However, going by the reviews and my conversation, they seem to promote forming Delaware Statutory Trusts for CA investors. Upfront costs would be 5k for setting up a DST.

Prime Corporate Services - Their marketing was about scheduling a 1 hour session with an attorney however I spoke to an advisor who seemed less interested in answering my questions and more in moving through the presentation and emailing me documents for setting up LLCs. They recommended WY LLC and registering it as foreign LLC in TX and CA. They will not help with foreign LLC registrations.

KKOS - I loved their transparent pricing and had an initial call with them. It looks like I might have to schedule a 1 hr consultation with them.

My fellow investors from CA, how did you get started with your entity structures? I'd love to know how your entity structures looked in the beginning and how they've evolved.

San Jose, California

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