(Not really a surprise that CA makes life a little harder)The California Franchise Tax Board will require that you file a new form every single year (Form 3840) in which you detail what you did with your sale proceeds, where they are invested, and whether you ever recognized income from your sale or any subsequent sale.  

California does not recognize series LLCs.You also want to look at whether a pass-through entity helps your bottom line and your taxes.

The only Wi-Fi ones are brands I don't recognize.

I don't recognize any of these abbreviations.

Get familiar with the prices in that area so that you can recognize when there is an outlier.

Jerrod Thank You Jerrod,All-though I recognize now I have a shortage of time to invest with sweat equity.

There is a bank on my profile but I do not recognize the account number so I will not click on it. 

California does not recognize series LLCs.You also want to look at whether a pass-through entity helps your bottom line and your taxes.

Most people would take advantage of the loss by recognizing it on their returns immediately, as that is typically the best course of action (writing it off).

Either way, I'm glad it's being more recognized as a good housing option.