So, it’s a bit complicated, but my partner and I went in together, he took a heloc out on his primary to let our business borrow it, and we bought the house free and clear just with a promissory note between the business and him.  

Can I create a LLC in another state and use it to do business here or are there tax complications and not worth saving a few hundred dollars and I should just create a CA LLC?

and so the inspector cannot get into the basement.The owner is a friend of mine, this house is a great deal well below market value and I still would like to pursue it even with the complications above. 

The IRS requires that you keep your basis and your profit moving forward in the 1031.The Upreit conversion is a quirky complicated animal. 

Personally I much prefer investing in syndications with my SDIRA due to lower complication and a more arms-length transaction.

Real Estate finance is really not that complicated.

*Newbie Here* I'm looking into a deal on a duplex in my area that has the potential to be a pretty good deal. There's been a couple buyers who came with hard money but fell through because the property wouldn't apprai...

I think it would clean up your city and be a good thing for all.. right now its so complicated that very few other than experts like you can play the game..  

But its a little complicated i guess you would say.

I think this is a more complicated life I've chosen compared to taking a job.