None of those types of loans allow LLCs, therefore, that lawyer is incorrect.

Also there is no scarcity of syndications/sponsors around for any type of asset class so no need to rush into it with one you are unsure of or think there are no others doing it. 

what types of properties do you own currently? 

What made you interested in investing in this type of deal?

I'm sure the people who wanted the wild west of SIDRA type accounts will be probably disappointed with a new regime.

Just moved to North Florida and looking for a CPA who’s familiar with these types of scenarios. 

Additionally, not all transaction types support Locations, meaning you'll have to create journal entries to correct them—requiring a solid understanding of debits and credits, which can be time-consuming and error-prone.Instead, I recommend biting the bullet and upgrading to QuickBooks Online Plus for each entity.

There's a lot for nuances to the strategy than what I typed out, but this should help you get started.

I'm in Milwaukee and I have heard of a lot of bad stories involving this type of scenario...mostly involving out of state investors. 

I want to make sure they can close these types of transactions and are used to working with real estate investors...