As a resident, you’ll still need to pay the $800 minimum annual franchise tax to the California Franchise Tax Board (FTB) for any LLC you own, even if it’s set up in another state.What I personally do is have a holding company (LLC) in California that owns my LLCs in other states where I invest.

It is crazy that some random person can hold you hostage to providing your information.  

During the years I was holding to the properties, I do have tenants (some are long term).

I'd hold on to your home as a rental and pull a HELOC before you move out.

I'm a buy and hold investor with a conundrum. 

Holding out for a strong or higher rent during this time can cost you money.

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I inquired about the possibility of a two-company structure: A traditional LLC that is the public face of the activities (collecting rents, paying contractors, etc.) and managing the Series LLC with each property in once cell in it (in this case, Series LLC is serving as a holding role).Again, one attorney said that would be much better than a standalone LLC and that is recommended approach, and the other said it is waste of time and money since there are some requirements from Texas Real Estate Commission, which is requiring being a licensed broker in the state to operate in the managing LLC.So, just want to hear what other Texas investors are doing when it comes to series LLCs regarding these issues. 

Guess I will hold off sleeping till I make it Thanks for helping me see my downfall.

So I started with cooperative assignments, which enabled me to raise much needed cash and then branch into other strategies, buy and hold, fix and flip.