I always do it in my home state and register as a foreign entity.

Long and short. I live in Florida. I am buying an STR in Tennessee. My  CPA strongly suggested that I set up my LLC in the Tennessee for tax purposes. It has proven to be more difficult to set up than expected mainly ...

So, if you create an LLC in another state, you will likely need to register it as a foreign LLC in California.

So, if you create an LLC in another state, you will likely need to register it as a foreign LLC in California.

@Andrew BoscoYes, the rule is that foreigners can't own land, which means that, in a condo building, foreigners can't own groundfloor condos.

I am curious if there is anyone with experience in owning real estate in another country being a US working citizen and have some tips on how taxes operate if I were to list that property on Airbnb in a foreign country and so on (any other tips you can offer towards this)...

So, if you create an LLC in another state, you will likely need to register it as a foreign LLC in California.

He says everyone in all the surrounding towns uses this agent and he used the agent when he had purchased long ago (maybe 15 years prior).Fortunately my first foreign exchange student in now a lawyer for the German government and her husband is a German judge.  

If you only had the Series LLC, then you may end up paying the foreign filings fees involved in investing across state lines.

Have we forgotten the 2008 global financial crisis that wouldn't happen in foreign countries where properties are bought with cash and the risk of foreclosures is 0?