I am about to close on my first BRRRR property and I've done it all while being offshore.

what if I decide to lien the property due to the gambling problem (or some other problem of that nature) ?

It's a pure gamble at this point and, I'm not much for gambling and if I were, I think I have better odds in Vegas.

Forcing these companies to pay taxes will create lots of offshore entities...

Matt, Not knowing much on the CA area, I will speak in generalities.Know the value, on something like this with a 5/1 ARM you are gambling plain and simple, your rolling the dice on your bet that in 5 years time you will be sitting in XYZ position, the financial industry will be XYZ, housing industry, local market, YOUR income, so on and so fourth.

No sorry @Eric Gamble.

Flipping appears to be a simple business on the surface, and if you feel like gambling, it can be simple.

If we use good business principles and don't STAY highly leveraged, which is really gambling, we don't have to be burned when the upswing of a cycle turns into a downturn. 

In the past 5 years I netted more than I had made in the prevIous 12 years due to the compounding effect of the tax savings (I am a real estate developer) The basic idea is I continue to develop and flip homes in California but use a consulting firm in Puerto Rico (This US PossessIon has a special tax Incentive extended by Congress) It is all about knowing the right jurisdictions and tax incentive laws without going offshore or complicating your business I verified it with my CPA and got his blessings and you can reach out to the same company (PrIvate message me for theIr contact Info) - you have to have a net income of at least $200k and they have some other criteria and guidelines but it can be set up in a few days Good luck to you

You're really gambling by pulling the tank yourself.