Same principles apply - being busy will create opportunity. 

I am a general business major and also currently working on obtaining my real estate license to become an agent.

Not everyone will be successful in this business especially during times when people are essentially jumping on the bandwagon. 

I knew I wanted to develop an empire, scale my business, and achieve 100,000 units.

I am seeking advice of what to do with the money from someone who exit the business and successfully got similar income and appreciation of capital.

A strong business foundation ensures long-term success.

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.

I sold my precious business for 1.5M seller carry.

More repair costs because their maintenance team somehow "missed" things during the initial turnover.At this point, I genuinely started wondering what exactly the 15% management fee was for.The Bottom LineLook, I get it—REI Nation is a business, and businesses are here to make a profit.

These are leased to businesses (like chain stores) that cover taxes, insurance, and maintenance, making them much more hands-off than residential rentals.Real Estate Syndications / REITs – You can invest passively in commercial real estate (apartment complexes, self-storage, industrial, etc.) through syndications or real estate investment trusts (REITs) without being a landlord.Hard Money Lending / Private Lending – With $500K in equity, you could act as a private lender, funding real estate investors who flip homes or develop properties.