I have also debated turning this into an airbnb or hotel given the navy base and how many visitors it gets (think foreign military, family visits, etc...).

Also, there will be a 20% stamp duty tax that imposes on all foreigner investors.

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

A judge may completely disregard the offshore ownership and directly grab the asset that are in his jurisdiction ie the real estate.So, if you have a stock portfolio or own foreign real estate, by all means, if your threat model justify the cost of a foreign trust and its trustee, then use these offshore asset protection trusts.

*there are some really specific issues that crop up here on BP such as foreign investors and using tax deferred accounts (e.g. self directed IRA's).Again, that being said...

It's out of state, so our LLC is formed in our home state, and foreign filed in the other. 

I have worked a lot with foreign nationals and it can be easy way to structure future financing since there are programs that don't require USA credit.Let's connect

I know there are lenders out there who offer mortgages to foreign Nationals but what we are looking for a is a bit unconventional.

It is a NJ LLC, registered in Maryland as a foreign entity

That’s called a career change, not retirement.What you’re looking for are ways to generate income while you sleep.If you haven’t done this before, it can seem like a completely foreign concept.