In addition, when you have leverage you have the other benefits which @Ali Boone mention.

I know the decision shouldn't be made of tax benefit alone but starting to think other areas may help me accomplish both more efficiently.

But what you did accomplish is that now you owe $800 per year to your greedy state of CA, even though the LLC is formed in another state.

Oh, AND I get to add some new additional handcuffs to the mix.Zero sense, it makes absolutely zero sense. 

2019 Goals: My last year in College- $10K in savings (Not Accomplished)- All A's (Not Accomplished)- Church every Sunday (Not Accomplished)- Read Bible every morning (Not Accomplished)- Read 20 minutes every day (Accomplished)- Go to Chilis 11 times only (Accomplished.

ThanksIt would be very difficult to accomplish this. 

Wishing you continued growth and accomplishments!! 

But, know what you want to accomplish beforehand.Creative Finance is a great way to buy properties when done properly and lawfully. 

For now, my immediate goal is to pay off all of my credit card debt (should be accomplished by February 1.), and continue to educate myself on NOI, Cap rate, cash-on -cash return etc.BP community, I am open-minded, willing to take initiative, always willing to be taught something new, but also ready to share any experience or knowledge I have that can help someone else. 

Arbitrage is one of the most challenging models to accomplish nowadays.