And, anytime you use a franchise service, expect to pay top dollar. 

Using the cash flow to invest in franchises & tech vc.

That also doesn't include the big wholesalers like the Kings who own "We buy ugly homes" franchise for Tulsa.

Accordingly, based on logic, it appears that you may be able to utilize one California LLC to own/operate one or more out-of-state LLCs, and you would only need to pay one CA franchise tax fee.  

you may not know Gino's dad Floyd was one of the biggest real estate trainers in the day.. he trained agents how to be better agents.My wife was a trainer for Floyd for a few years and also owned her owned C 21 franchise..

@Bobby Narinov - first I've ever heard of a franchise property management company, it's the same website structure as the primary corporate page, they definitely put money into creating that website.The office location is across town from me, I will swing by there sometime and see what it looks like. 

You can then purchase those strata units and lease them to doctors, franchises, yoga studios etc. 

@Ethan SpielvogelAs a general rule, you would want an LLC in the state where the property is located to be able to make any legal action in court (eviction for instance).However as some states have week asset protection statute (the charging order is not the sole remedy), you would then need to have this local LLC owned by another LLC in a strong state like WY.Now because you are located in CA, you are subject to the CA regulation that will force you to pay an expensive local franchise tax on your out of state LLC.

I am the business developer for a national property management franchise in Indianapolis.

Franchise success in the restaurant industry proves that right?