I am a CA resident and I would rather use a WY holding company instead of the DST.

• Although of course we are a law firm and could facilitate the Wyoming holding company or hub and spoke type of setup, that typically isn’t our best recommendation. This is because there is no way to really ensure that CA won’t show up at your doorstep years down the road and demand that you pay that $800 per entity or property in arrears, per the franchise tax board requirement.
• The DST is a more cost-effective structure that doesn’t trigger the franchise tax because you’re dealing with a trust and you’d still be getting the anonymity from the trusts, and the isolation of the child series.