You are now a foreign entity doing business in CA since YOU run the business from there so Cali wants their $800 either way.So whether you need a REI tax pro is all open to interpretation.

That’s how the wealthy do it with real estate or businesses.

Would that lower our tax liability from other income we receive or no because this is purely RE and not an operating business?

@Kenneth Joseph Perfido If you’ve moved to a new state and plan to conduct business there, you generally have two options: register your existing LLC as a foreign LLC in the new state or form a new LLC in the new state.

Tax-wise, only the rented portion is deductible, and depreciation recapture applies on sale, increasing taxable gains.

Hey Rafael, as someone who's been investing in Florida for 20 years, especially in Tampa, I'd say you can’t go wrong with focusing on this market—it’s got strong appreciation, great rental demand, and tax-friendly opportunities.

Some potential challenges include:- Tenants being consistently late on rent.- Issues with cleanliness and respecting common areas.- Requests for repairs at inconvenient times.- Navigating tricky landlord-tenant relationships when you live on the same property.While some people thrive in this environment, others find it difficult to balance personal space with their role as a landlord.### 3.

I focus on land and mobile homes.

@Adam G. go to Home Depot 6am-8am on a Saturday. 

I may take you up on that.