Will you be living in the property? 

Plus, if you’re also thinking about a lifestyle element, who doesn’t love living near the beach?

If one of the LLC members lived in another state and that person acted as managing member then you can avoid the FTB fee, but looks like you both reside in CA. 

I also run a mastermind on residential assisted living.

Not sure if this will go against the culture here but if I read correctly and you are considering tying up your primary residence to an investment property please reconsider leveraging the home your family lives in. 

So they will rent without buying even though buying is available to them but they dont want to live where its affordable.

The port of Puntarenas is lively.

Ko,The property is in Missoula Montana, I live in Bozeman Montana. 

.: @Edward Toomey V and @Tyson Jones What I like about RentRedi is that they have a live webinar regularly.

And the tenants still lived there, they had just been putting old mattresses, broken furniture, and crud there for years.