Franchise Tax filing, and tax payment responsibility to the Calf. residents only, without having to register the Property Owner Texas LLC in Calif. and to not have it have Property Owner (Texas) LLC to file or pay Calif. tax.  

However it might be able to be deducted under the 'safe harbor for small taxpayers'. 

The IRS stipulates that there be a continuity of taxpayer from relinquished property to replacement property.

From the 1031 side you're going to have to be very careful with the entities because the taxpayer has to be the same for the old property and the new property in a 1031.In your case there's many moving parts:1.

I also have only 1 roof, 4 walls, 1 mortgage, 1 lease template, 1 insurance policy, 1 electric bill, 1 tax payment, 1 set of laws to know, same vendors for HVAC, plumbing, etc.

As @Daniel Dietz stated, you'll need to make sure you can satisfy the same taxpayer requirement, along with the other time limitations on a 1031.

And FNMA actually adds many tens of billions in the form of US tax payer equity on top of that.

Consider the bigger picture and taxpayer liabilities on a per person basis created by the FEDERAL Gov

Reg. 1.280A-1(c)(2), practitioners should consider Morcos, where the court ruled that the taxpayer could not use the proposed regulation to treat the third floor of his home (which was rented on a long-term basis) as not part of his dwelling unit.

https://www.thetaxadviser.com/issues/2012/dec/clinic-story-06.htmlIn determining whether the income should be classified as ordinary income or capital gain, the court evaluated nine criteria: (1) the taxpayer’s purpose in acquiring the property; (2) the purpose for which the property was subsequently held; (3) the taxpayer’s everyday business and the relationship of the income from the property to the taxpayer’s total income; (4) the frequency, continuity, and substantiality of sales of property; (5) the extent of developing and improving the property to increase sales revenue; (6) the extent to which the taxpayer used advertising, promotion, or other activities to increase sales; (7) the use of a business office for the sale of property; (8) the character and degree of supervision or control the taxpayer exercised over any representative selling the property; and (9) the time and effort the taxpayer habitually devoted to sales of property.