Hi everyone,I have a quick question and hoping someone can help.I leave in California/resident, and I am planning to create my LLC Business in WY and I am wondering if I will still have to pay the $800 California annual business fees since the company will be incorporated out of state in Wyoming.Thank you

Absolutely the first stop in your series of questions would be to ask your tax advisor for advice specific to your situation. 

The first question the county asked me when talked them about modular is that if that is built in California.

Straight forward question - when asking tenant/vendor to add to "additionally insured" do we advise them to put the PMC info or Landlord info?

I question if there is any benefit to creating a LLC now and opening the bank account in the LLC name.

My first question is that can I do a cost seg next year, when she qualifies for REPS (as she doesn’t qualify now), and use that depreciation for my W2 income in the second year of us renting the property?

There are three main requirements for REPS: 1) 750 hour rule 2) Greater than half of professional time rule3) Material participationHere’s a great article that walks through the necessities for your spouse to obtain REPS status.Do you have questions on the ways to benefit from a cost segregation study without personally obtaining REPS status?

Feel free to message me if you have any questions.

Happy to try and help with any questions or find solutions to make things simpler :) 

All things considered, leasing to Section 8 can yield consistent and steady income, but it also necessitates cautious thought and oversight.Please feel free to reach out to me directly if you want to move forward with this or if you have any other questions.