The only time you have to deal with Texas paperwork is when you have an LLC operating in Texas.California, on the other hand, taxes you on everything, including your Texas rent and the air you breathe while on the plane between the two places.Move to Texas. :)

Think about what happens when the tenant has an emergency repair but you don't have phone service because you are on a plane or in a remote location.

Is that your plane in the picture?

They come over on a chartered plane, stay at a hotel and are driven around in vans and chartered busses to areas just to buy real estate to then often rent out, but sometimes use as a second home. 

I am actually still in the process of getting my private pilots license so I have not bought the Cirrus, though when I do go to buy one it will likely be the one you see in the photo. its got A/C and a lot of cool safety features that you don't see in other planes in this class. 

Open to rent ,owner finance, lease option , or just plane old fashion sale.

I'm planing on building small cabins or putting in RV lots.

The plane of liquidity upon which they transact, in many ways and even at the most basic levels. 

Its interesting to think how you and the world will be different 5-10 years down the line.Just driving my Tesla on auto pilot and knowing the software will allow full self driving is amazing.. having been a pilot for most of my adult life I am very familiar with auto pilots in planes .. and how great they work when they are working right..