For example, California has an $800 minimum franchise tax, while other states have lower fees or no franchise tax at all.

For the LTR outside CA, forming an LLC in the state where the property is located can reduce administrative costs and avoid double franchise taxes in California.

(For context, it's a 2700 sf 4 bd 3 bath house in an upscale Northern California suburb.)Kitchen A: Traditional, features a 48 in fridge, 36 in cooktop, window sink (no view), pantry.Kitchen B: Designer, features a 60 in fridge, 48 in range, large kitchen window (no view), sink facing living/dining room; unfortunately no pantryKitchen C: A Little Bit of Both, features a 48 in fridge, 48 in range, sink facing living/dining room, pantry, unfortunately there's no window.Total countertop space is roughly the same (22 ft)  in all three layouts.

And it last sold for 3.2 million  now they did add a little in the back and added a bathroom..  684 Encina Grande Palo Alto CA.. lots are worth 2 to 3 mil.. improvements not so much. :) Lol oh ya.

., CA) have annual franchise taxes ($800+), while others have lower or no renewal fees.

I've definitely made some mistakes here but I'm going to be very candid with the info on the deal, so please go easy on me haha.My brother and I purchased a property on a large lot in Culver City CA in 2020 that was essentially a tear down. 

(New York or CA and those following their lead.)

Attorney for the Central District of California.

Quote from @Jeff Sanders: Personally coming from an agent/investor in CA, I always get a quote from a broker of mine and make sure I am knowledgeable with the fees/costs.

A licensed agent with the California Association of Realtors does have access..