., a real-estate brokerage franchiser.

The raw land will be purchased through an LLC I will need to create and then lease to a different LLC to run a fast food franchise.  

Franchise Tax Filing: We file your annual franchise taxes.

The driving factors seem to always be- bloated residential prices in every major city (hard to buy)- uncertainty about office space and other commercial options (not sure if buying is smart)Assets we've seen considered DSTsRaw land (ranchland and solar fields)Mineral rightspassive TIC interests, usually with NN or NNN long-term leases and big-name tenants (CVS, 7-Eleven, Dollar General, etc)cooler residential markets, such as in Indiana, Missouri, and ArkansasKeep in mind that if you exchange out of CA and into a different state, the California Franchise Tax Board will require that you file CFTB Form 3840 on an annual basis reporting as to the status of the proceeds you used in the 1031 exchange. 

He talks a lot about making your business with the mindset of making it a franchise.

I'm looking to buy into their franchise but would like to know if anyone might have experience with them. 

Therefore, you don't pay the $800 CA Franchise Tax.

He wants to start his own franchise of Century21 in his native country.

It is a well known nationwide franchise, not an obscure off-brand company.

So he did it again as a Buc (one of the worst franchises in the league.In conclusion , as real estate investors and entrepreneurs we should be ready for a rough road ahead of us.