This is more common for commercial (5+ units, often lenders in this category want the owner/operator to have experience self managing or hire professional management), and not very common 4 units and under, IME.  

Are you talking operating a property, looking for a property, or what??

It'll create a safe haven for businesses to operate securely, should provide a good boost in jobs.New York is the prime example of what having a stadium within a city can do for the local economy.

I've done that in 2-3 of the spots I have STRs in, with that said it made me learn some different areas I needed to protect myself in once I got in contact with the operators. 

And is now larger than ALL of the US banks.Big name investors and billionaire hedge fund operators such as Bill Miller, Stanley Druckenmiller, Ray Dalio, Raoul Pal, now hold and / or are recommending it part of everyone's portfolio.

It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

I am also operating in several markets in Florida.

If you are a broker who welcome agents with non-affiliation with board of realtor, or know of a broker who operates like this, could you please connect with me? 

Any lawyers here who would be willing to review my real estate LLC articles or organization and operating agreement?