Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

There's a high chance that you are feeling FOMO from the returns in public markets, sell your houses for a loss, pile into stocks, and then see mediocre performance while real estate heads back higher again.I see this, and similar actions, play out over and over.Personally, I'd stick with the real estate rather than selling it.

It depends on the lender but at a min they must follow TX SML or lending laws in the state in order to compliantly lend in TX, on whether choose to apply this guideline to all types of occupancies or transaction types (non owner investment, second homes/primary residences, etc)80-85LTV on rental properties is only on the purchase for fannie/freddie loans but on rate term refinances its max 80% and cash out max 75% for 1 unit and up to 70% for 2-4 unit cash out conventional.On HELOC's and rentals are up to 70-75% depending on the HELOC investor or product.Its good to distinguish between what the lenders are willing to do and for which product and also these loan products must abide my state law as well as an additiona layer of "overlays," on top as well (whichever is worst / most conservative).

If they don't, give them a 7-day non-curable.

Mandating how a product/service is conveyed to the public NEVER works to lower cost of goods to public, EVER.   

There is a contract that is signed.These are "quick" transactions, within days, that the borrower (Subto student) needs "immediately" to provide a non refundable emd, for a Subto transaction.

My condo is an HOA that is suddenly non-warrantable for conventional financing.

Of course, it would need to be non-owner occupied (investment property).   

These loans are not allowed in non-owner occupied scenarios. 

The MLS (pulled from public records) shows it as a 3/1.