As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and handling multi-entity structures.

Second, you need to have separate business accounts for each entity.

Although AB-968 doesn’t specifically mention “licensed” contractors, the state of California already stipulates that “anyone who contracts to perform work that is valued at $500 or more in combined labor and materials costs must hold a current, valid license from CSLB” (source: CSLB).With AB-968, if work is performed by an (un)licensed contractor in an amount that exceeds $500, disclosing that entity’s or individual’s name and contact information becomes a legal requirement.

This is a simple deed from you to the entity. 

My goal is to set up an LLC in Wyoming (I heard this is the best state to do an LLC) and structure these properties under this new LLC entity. 

False.When an entity or a human has capital gains you owe Uncle Sam.How will you vet and continue during the years of ownership to verify who is an American and what percent the mix?

I am specifically looking for an inspector who is sensitive to the conflict of interest clause in the law and understands that the work must be performed by a separate entity.

As you grow and buy more properties would suggest a trust or similar entity. 

Typically, when I work with RE investors, we'd make a preliminary legal plan to ensure that both the legal and business goals align before creating any sort of entity set-up.

The QI for the 1031 forms an entity which takes title to the new property and holds it while the old property is sold.