You can also set up your business as an S-Corp (even more protection overall, it offers the benefits of a corporation but you don't get double taxed with the S election the way you do a C corp) and that S corp can "own" each of the LLC's that each hold one property. 

@Karen Margrave Another great way to get CA properties to cash flow is through short term, corporate housing.

Here is what was in the email:A California Superior Court has ruled that an out-of-state corporation whoseonly connection with California was its 0.02% ownership interest in a LLC wasnot "doing business" in California and therefore was entitled to a refund of the$800 annual franchise tax, interest, and penalties imposed by the FTB.

I had a career in corporate sales and not everyone can do that.  

I graduated with a 4.0 in high school but was not interested in pursuing college and finding a job in corporate America.

hey BiggerPockets community, I'm just getting started in real estate and following popular belief, I was under the assumption that for tax and liability benefits the first step was to get some corporate entity set up to conduct business.

Check with your lawyer, if you are running a single member LLC you may not get the legal protections (corporate veil) that you normally would with a multi-member LLC.

Having a good management company in place is essential for larger properties, especially when your property is not in your own back yard -- or even if it is.A few weeks ago, at one of our properties, the onsite manager became overwhelmed by the task of managing and marketing the property resigned, followed shortly by the leasing agent.Fortunately, we have a management company that was able to send several people from the corporate office right away, to fill the gap while they hire replacements.If we tried to self-manage the property, how could we possibly deal with this situation?  

However, their corporate addendums state that the buy is to pay the transfer tax.

So as I see it, white letters are intended to give a more "corporate" and professional impression which attracts certain potential sellers whereas yellow letters give a more personal touch that may hit other types of sellers.