After 45 + years as a real estate investor, broker, lender, fund manager and syndicator, I’ve become aware that the “dream” of many investors and investor “hopefuls” is to be able to generate enough cash flow to live off their real estate holdings and accumulate enough wealth to make “work” optional.

I sometimes wonder if people just feel lazy dumping their money into an index fund in the stock market and actually using all that free time to go out and live life.

If one of the LLC members lived in another state and that person acted as managing member then you can avoid the FTB fee, but looks like you both reside in CA. 

These type living arrangements are primarily short term until user circumstances change

I haven't lived in it long enough to be exempt from capital gains, good point on that.

I have a client that lives in Hawaii but owns a property in DC area.

I also require proof of savings of at least 2 months living expenses. 

Constructed in 1910, this property features a total of 2,793 square feet of living space.

It is virtual over zoom but taught live.

I specialize in STR & Co-living concepts, which I recommend for the highest rental income potential!