Hello BP,I’m currently researching possible franchises in the real estate industry.

Also because getting loans is complicated in LLC and there are fees for each LLC (just $800 per year franchise tax in California to name one), etc.But in the interactions with the tenants, for anonymity and some more protection without the above inconveniences, I thought one should be able to create one single LLC for all properties who is tenant facing, managing the properties.

A multi-tenant in Indio, CA (5 doors), a retail franchise tenant in Laredo TX, and a Dollar General in North Carolina.

Thereafter it is an annual franchise tax on gross receipts margin over $1,000,000 (I think, was recently raised and typically not an issue). 

If you see there are no or limited self-storage, maybe you could target franchises looking to expand or developers that specialize in building these types of properties.3. 

@Brian Chen I am an investor and the business developer for a property management franchise.

If a Texas LLC has any investors in California, does this create a Calf. franchise tax nexus (filling, paying) to California?

I live in MA and I am in the process of selling a rental property in CA and trying to fill out form 593-E to avoid paying the mandatory franchise tax since we did not make a profit on the sale. 

You would have to pay franchise and excise tax as an LLC unless you waive your liability shield and become an Obligated Member Entity (OME) which defeats the purpose.What is your goal, to protect your personal assets?  

If you pass, then you are free find a sponsoring broker to begin working.Or you can go to one of the large Realtor franchises (Coldwell Banker, Keller Williams, etc) and they might "hire" you and put you through their training.