I immediately closed the CA LLC and didn't have to pay the $800 franchise tax since I dissolved within a year, hired a local Texas attorney to open a series LLC there (I have multiple SFRs).  

A very tough racket though; you might find it easier to string together a series of smaller residential deals.

My general recommendation across the other 49 states is to use a Series LLC, and for several reason I use Texas to establish the Series LLC.

There's no easy way to capture that stuff on a series of tiny photos on a web page.

Time to wrap up this series.  

My wife was commuting 1.5 hrs each way to some contract work she was doing around a series of vacation/lakes in our area.  

There are plenty of good books out there that with your help can be very beneficial to your kids.I have started my kids at age 8 with books like "How the economy grows and why it crashes", The Uncle Eric series (Whatever happened to penny candy, the money mysteries, etc.) and now at age 9 we are reading Rich dad poor Dad.

A good entity is the LLC...you can use this Entity for holding Properties in...also a Series LLC is very good for Rental Properties...Talk to a CPA about that...an LLC is a "Flow Through" Entity, which means the income(or losses) flow through and get divided up to each individuals Tax Return...so essentially the LLC doesn't pay taxes...3.

My wife and I own and operate a series of residential and commercial units, and our involvement is anything but passive!

I recently did a 3 part series on this topic:Into:Should you get your real estate license?