Even if you create a non-CA LLC, if you are managing the business from California, you will be deemed to be "doing business" in California and therefore subject to CA taxes.

Is it subject to the lease?

@Wilfred Gonzalez Jr “good deals” are subjective.

If this is the only tenant that frequently has something "go missing", that's an issue... if many different tenants items go missing when one particular contractor does work, that's a different issue. 

Just make sure you look at recently sold properties in close proximity to the subject property.

This subject has been beat to heck so I'm just going to link to the other threads which are really helpful. https://www.biggerpockets.com/forums/547/topics/672453-arkansas-real-estate-commission-views-on-wholesaling-in-arkansashttps://www.biggerpockets.com/forums/48/topics/403399-arkansas-is-trying-to-make-wholesaling-illegal@Randy Thomason and @Mark Rogers are both well versed in this area and can most likely answer any specific questions you might have. 

@Eamonn McElroyThoughts on this statement:“While depreciation not claimed, under allowed vs allowable, would not be subject to recapture taxes, the unclaimed depreciation would reduce the basis in the property”.I have a CCH or Bradford article on this subject I can link later, but cannot also remember if this was specific to a home office depreciation deduction.Economically, why someone would not claim depreciation is beyond me.

I am curious for anyone owning rental property down there how the landlord tenant laws are and if you have any resources I could turn to for some information on the subject.

Today we grabbed dinner together and kinda got on the subject of teams since the vast majority of the office we work at is all on one single team, like 41 agents on the same team under 1 veteran agent.

And with a great community like BP, any questions you have on the subject can be answered and you can meet all of the people necessary to be successful.