Is the lawyer just being extra, extra careful...or are there typical scenarios where having it registered in NV will help for a property located in CA? 

He missed the target by nearly a month and we ended up paying holding costs, HOA, Utilities etc for an extra 6 months until finally selling in the spring for a reduced price.

I'd push back hard for them to honor their original LTV and greatly reduce the undisclosed extra loan fees, or switch to a different lender. 

Having it in both FL (my domicile) and CT (property location), created double the work and fees in both states.From what I can tell this isn't the right entity structure anyway, so I can imagine it was a pain with many extra costs! 

Happy to help evaluate this opportunity if you want an extra set of eyes. 

Or perhaps have them pay an extra $50 a month, and then credit them if they overpaid at the end of the year?

But only you can decide if it's worth the extra price bump over Stessa.

We NEED these to offset the extra legal fees, unaccounted for damage, and unrealistic high appraisals of some of the other deals we invest in!  

So, suck it up and pay the extra X or move to a lower " class" area where the FMR will be lower.

I can always pile up the extra money from househacking to put towards my next investment.