@Wayne Brooks it’s foreign to most people

You can't mix up and produce drug cocktails that involve fentanyl in a residential kitchen with cheap equipment, which is all that most black market "labs" are here in the States.So how is an Airbnb owner supposed to clean an entire apartment to the point of eliminating all foreign substances to the 1-2 milligram range?

Link to OrdinanceWhat they are trying to prevent is this:A Mexican national pleaded guilty Monday in federal court to his role as operator of a human smuggling stash house in Phoenix"The property was used to conceal undocumented noncitizens as part of a transnational human smuggling operation in which foreign nationals were smuggled across the U.S.

So, if you create an LLC in another state, you will likely need to register it as a foreign LLC in California.

During Asia Great Depression in the 1990, currency depleted by 500%, military tanks on the street.Bank Owner is running with the physical money of the depositor flying somewhere to a village located in north of China or near North Korea maybe hahahaand apartment owner replaced customer money that's being 99% lost with 2 refrigerator hahahaha, Jason ... please....

I agree, I should have provided a little more detail on the why but sometimes blogs are just a little difficult to get the idea across.First reason:  I wanted to simplify our portfolio being that the current LLC has properties in two separate states requiring me to file as a foreign entity each year.  

When a foreign national sells a property in the US, the proceeds are taxed and withheld until appropriate paperwork is completed.

DSQR loans, no ratios, limited income, foreign nationals, bank statements, one year CPA letters, P&L statements, banks are finding ways to get the capital into markets.

.- REI for me is for passive income- Foreign LLC registration in CA is ok.

Why can't you accept foreign currency at closing?