I will appreciate any help on following. 1) Does the above make sense, esp. setting them as disregarded LLC to simplify taxation.2) Would I need to register my CA LLC as foreign LLC doing biz in the state?

This UDFI taxation generally does not add up to much. 

Who pays for pest control guys to come out once a year (or quarterly in some markets)? 

Hey @Matt Motil, I am definitely interested but as I am just starting out I worry about double taxation.

I know they recently changed the laws there regarding STR's but if I read them correctly, it sounds like you just need to apply for a license and as long as you live on the property, and it's not in the French Quarter, you can rent out an STR for an unlimited amount of time. 

Of this amount, we withhold 25% for our estimated quarterly taxes. 

A owner or PM that is doing quarterly inspections and billing for ongoing tenant caused repairs do not experience high turn over costs.When owners/PMs ignore their management responsibilities they should  expect high turnover repair costs.

Don't forget to calculate those tax & insurance figures--- in your situation the lender won't likely require escrows, and the last thing you want is to be blindsided by these outlays once a year or quarterly.   

Typical leasing fees are three quarters or full months rent.

Either by quarterly bills or some other means.