Based on what you're telling me, I'd also advise you to begin the process of evicting/non-renewing the lease.

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.

A quick non-political note on two topics I can’t seem to avoid: mass-deportation and tariffs.I am not concerned about the saber-rattling from the TV talking heads about “mass deportation” and “tariffs.”

well if I ever make it to the Smokies to see what the draw is  I will rent a condo then :)  I am just guess but I suspect folks that go there want to be in the woods and hear the birds and maybe some local mtn views etc.. or some sort of privacy they never get at home out east were there is not very much public lands close to where they live in the big city. ????

Conventional loan, 20% down non-owner occupied.

•I’d compare this deal to similar non-flood-zone properties—if the return is much better, it might be worth the extra risk.

do not answer on a public forum.I have done it as trustee on 3 properties fairly recently and helped another trustee a couple/few times long ago.The step up basis is time of death (TOD) value.  

That's a lot more to chew on than most non-locals want to deal with, but for those of us here, there are good opportunities to be had.

He only wants paperwork on FMLS related transactions - and I do not owe any fees upon closings - if on a non FMLS transaction - just like any private investor purchase or sale.  

And buyers can’t borrow $1 more than 75-80% of the comped value of similar non-STR homes.