But you will buy a specific property, in a specific location, subject to local rules and regulations.

@Salvatore Spano Yes, some LLCs are exempt from submitting Beneficial Ownership Information (BOI), such as large operating companies with over 20 employees and $5 million in gross receipts and certain regulated entities like banks or insurance companies.

The challenges are too numerous to outline here, a person could literally write a book.

@Alex P.Here's a few references to start that may help you to find the answer to your question: Treasury regulation §301.7701-(3)(b)(1)IRS Private Letter Rulings 9807013, 200732012 and 201216007If you need help finding these or interpreting them, as well as knowing how reliable they are for you to use for your own taxes, consult a tax professional. 

U can stick build for less.. they work in areas that will be very lax or dont have building permit regulations etc etc..

They'll have numerous articles and contacts highlighted monthly that will give you an education in itself over time.

This representation is crucial if you're ever audited.Regarding whether to hire a CPA versus just a tax preparer: Real estate tax is highly specialized, with numerous code sections and rules specific to the field.

@Kathy MerkhI believe they have a regulation a+ offering if it’s this company: Here is there information for fund 2.https://www.sec.gov/edgar/search/#/ciks=0001831623&entityName=Connect%2520Invest%2520II%2520LLC%2520(CIK%25200001831623)Question I would ask is where are you on the debt stack and what are they investing in?

You may want to check on your city's or county's animal regulations for information. 

Hi Angelo, I do but Europe is huge and very differentiated you need to understand the current local laws and regulations and appraise the risk of them changing (getting worse).