This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

@Ed O. ...sorry for the delay, but yes regarding the reservation process (if you haven't already solved) - this might not apply in your case or state, but in our case because we were putting in infrastructure (new road) and had over 14 lots, our state law forces us to act like a new subdivision in terms of State Attorney General office registration, which is a real pain, but supposedly is for consumer protection.

The way I did it was I formed the LLC where the property is located and got a certificate of registration so I could have a bank account in the LLC's name in my state.

You folks in California should be buying land for Transfer stations near the ports.  To switch from the Electric trucks to petroleum based trucks.

Use the money it will cost you to get the license and the registration fees, and the time to study to become great at finding properties.The only benefit is to get access to the MLS, and it will take you 6 to 10 months of your time.

You would only need a foreign entity registration for the state of Florida.

If you are here you need to have an ID, pay taxes, and many other things - forcing people to live in the shadows makes them susceptible to being exploited or engage in criminal activities just to survive.Other countries have much better systems (also not perfect).In Austria for example you need to get a Meldezettel (certificate of registration) from the municipality where you live.

To manage risks, some investors employ an LLC in addition to insurance.There are expenses associated with running an LLC, such as yearly fees, registration fees, and even legal fees.

Their license/registration is on the hook.I know flippers who get their own liablity and wc insurance and put an umbrella on top of it (remember, you need the basic underlying insurance below the umbrella policy). 

That’s only triggered if you use property management in the 1st place.Any landlord without a Montgomery County Rental License is unable to pursue legal action against a tenant for unpaid rent in the District Court of Maryland and is subject to a civil citation from the Licensing and Registration Unit.