Taxes, Political leanings. 

The plan would be for the C-corp to fund the WY LLC for disbursement to the other LLC's in each state for purchases etc.. and then have the profits from the Flips and rental income flow back to the WY LLC which would then give a portion of that to the C-Corp in CA to use for salaries, benefits and corporate costs. 

I tried some regular job but after being self employed its hard to get corporate lifestyle!

Another reality is the Political situation in California is definitely progressive (politically correct term).

Go all in on the stock market and you have to worry about market drops, recessions/depressions, corporate bankruptcies etc. 

The area is growing with new businesses moving in and big corporations looking to move in the market as well. 

Does it make sense to open a Nevada or Delaware corporation?

Ana,I'm still a rookie, however working with a singular local insurance company on our rental policies vs corporate ones is worth a little extra a year.

So, the same number (and income type) still shows up on your 1040...If you want to make it really complicated, your multi-member LLC, assuming you have a mult-member LLC, can elect to be taxed as a S Corp or C Corp. 

These must be setup through a partnership or corporation (usually you'll create an LLC expressly for this purpose).