CA takes $800/year for any entity 'doing business in CA' - a phrase that is aggressively and broadly interpreted by the Franchise Tax Board there.  

It's a broad zipcode. 

@Dan Vleck in my experience, the people who think they know everything are the ones leaving the most on the table.The books out there, even the technical ones, are too broad in nature to allow you to develop a real tax strategy.

@Kyle WoltersdorfYou have come to the right place to connect with the wide array of real estate professionals and investors.

Sorry for such a broad question but this is completely new territory for me.Thanks in advance!

@Ross McMahan You have come to the right place to connect with the wide array of real estate professionals and investors.

Or you can keep it simple but less precise and just use the broad approach you described in the original post, but make sure you are using population data for the entire region, not just the central city.

., they have an office on Broad st. and they have another in Conshohocken.Best,Dave

I cannot provide any figures, statistics etc but I can tell you three things: 1) you can "statistisize" the heck out of everything, 2) your statement is too broad and 3) it's too apodictic.It very much depends on how/where one invests.

The group knows their stuff and is filled with a vast array of experience, expertise, personalities, ambition, and what-have-you.