Foreign Investor Question

[Shuai Zeng]

Hi All, did a bit of a search on google, but still a bit confuse on this. Any Ideal might help me out here.

Now Currently, I'm investing in FL, and it's doing so so for me at the moment. My family been supportive of this and all, and my wife sorta got this ideal to her parents. Every thing is not confirm, but here is my question.

I understand that purchase of Foreigner just need ID, and nothing else to purchase if this is correct or not? They will be cash buyer, so no loan at all.

If they do decided sell the property it'll fall under FIRPTA, but what if transfer titles with no money transaction involve?

Also if they rent these out do they need a social for property management? Or Should I create a LLC for this to be under trusty? I ask this, because their old, and need something like a title to feel secure. Even if I want to put in my wifes name.