If you do have a TX LLC just to hold a TX property, you still have to register in CA as a foreign LLC, which still means paying the CA LLC tax.

All you need is a key box and key labels.

If weed is illegal in your state, call the cops every time, issue a written warning, demand a short-notice inspection, etc.

.: We have a long-term rental home with a tenant (a woman with minor kids) who has been renting since last September.

Quote from @Tom Grieshammer: What is the profit to effort ratio between self managing a long term rental and hiring out a short term rental?

Quote from @Robert Casper: So I just sat with a friend who spent his career (decades) as a commercial bank loan officer, mostly in real estate, with a retirement career as an independent bank auditor.

I secured a 2.25% 30 year fixed interest rate on a 4 unit MFH.Now, I have a significant amount of equity in the property, and I'm wondering the best way to access it (if at all?). 

How Permits & Violations Can Work in Your Favor:Investing in NYC real estate is never simple, and properties with violations, open permits, or zoning issues may seem like a headache.

Yes it will most likely bring in a few more bookings as a cool amenity.

its what one comes to expect when a HML company goes wall street and gets so large that is just a big they get very formal and ridgid.