In The Tampa Bay Area local investor in the items inside the home/business but looking to get with the right people to build a team.

, but very difficult to DIY remote manage.

Being able to use real estate to offset taxable income requires some sort of participation on his end.If he wants you to be the boots on the ground, it will likely be hard for him to reduce his taxable income.

If you do have a TX LLC just to hold a TX property, you still have to register in CA as a foreign LLC, which still means paying the CA LLC tax.

You will also need to have a US Bank account.  

I wanted to take a moment to thank those of you who have already reached out or engaged with me since I joined this group.

I want to be able to find potential markets/listings nationally based on the return. 

If the pipe is 50 years old and had a life expectancy of 30 years, they're going to argue it was due to lack of care on your part and try to deny the claim. 

Hello, it is really time consuming for me to analyze each property by manually entering its data to calculate the return.

If you plan in getting conventional financing, they will not allow you to use the LLC.