Out-of-State Investing - Umbrella Policy = No Foreign CA FTB Fee?

[Aaron Moayed]

Hi there,

New here and to the RE investment world.

My question:

If I buy a property in a different state (say Indiana)/use an Umbrella insurance policy instead of Indiana LLC, and I reside in CA, can I forgo the Foreign LLC cost ($800), or am I still considered doing business in CA?

I would assume not since it's personal, but I just want to make sure.