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.

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.

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. 

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? 

The problem of course is that they always fail to mention the fee structure that is hidden on page 157 of the 200 page insurance policy handbook that they give you that describes how the policy operates.  

Other than perhaps property taxes, turnover is generally the biggest single operating expense you will endure as a buy-and-hold real estate investor.

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

I operate in the E coast of central Florida and we have a significant dip in Sept into Thanksgiving, and then stay full for the duration of the year.