Whether it's a legal demand for compliance or simply an email, it doesn't really matter; just make sure everything is in writing. 

This approach allows you to have a legal presence in the country, which is often necessary for investing there if you don’t live in Spain.Having a virtual office in Spain through your LLC could help you access local tax benefits and deductions, such as expenses for mortgage interest, repairs, and insurance, which non-residents typically cannot claim.It’s worth consulting with a tax or legal advisor familiar with both the US and Spanish systems to ensure compliance and take full advantage of this option.

Personally, in this market, I would work on saving up and really doing my best to find a great opportunity and pull the trigger then.

We aim to balance thoroughness with fairness to ensure compliance.

If you’re not satisfied with your current attorney’s approach, it may be worth seeking a second opinion to explore other strategies or angles you might not have considered.Next, focus on compliance with housing codes and tenant protection agencies like DCF.

@Cody Ford Without having specific expenses and the 4th rent amount I can’t say for sure if I would pull the trigger on this property.

Voluntary Compliance: A reporting company can still voluntarily comply with the law if they so choose.

@Keith RichardsonMake sure the accountant explains your total compliance costs for the varying setups as well.   

We're exploring creative ways to provide him with the cash needed for the down payment while avoiding triggering a taxable event.One strategy we're considering is purchasing his future primary residence ourselves, making the mortgage payments, and then, once we've built enough equity—comparable to the appraised value of his rental properties—transferring the title to him as a form of exchange.What are your thoughts on this approach?

A lot of times CPAs are so bogged down with compliance work that they can't even think about doing advisory.