Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

Quote from @Travis Timmons: You'll likely find a bunch of folks here that set a pile of money on fire investing in Brandon's syndications over the past few years.

I feel like those lists are sold and resold numerous times over and over again for the same data.

(I can connect you with some resources if you’d like!)

From what you’ve described, it sounds like you’re more focused on long-term appreciation and future benefits rather than immediate cash flow.

Employees won’t think exactly like owners, but tying bonuses to behaviors and KPIs they can influence is key.Focus on metrics like tenant retention, minimizing vacancy days, and timely maintenance resolution.

Hi all -- I've identified a piece of property that I would like to develop into mostly residential homes, with some townhomes/multifamily.

Quote from @Vince Scipione: Standard would be an FHA loan for your situation more than likely.

It sounds like you do if you want to self manage.

There is still a lot to learn but sounds like you are on the right track.