Bear in mind that the fiscal treatment of the two options in Mexico is different (withholding tax on the gross income with the fideicomiso vs cost deductions with the corporation).

We look at lenders (so long as they lend in the asset class you are considering) as an additional line of due diligence (they deeply care about their money and they are likely more sophisticated than you are).

I also would like to reduce the audit risk due to large bonus depreciation. 

@Nicole GrazianoI recommend that you have a consultation with a real estate tax accountant regarding your taxes.Bigger Pockets is a great place to find a real estate tax accountant. 

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

So we GAIN 7million + tax payors etc.. 

Any tax implications?

Lower property taxes, affordable housing compared to LA (CA buyers are usually cash buyers because what they net from their smaller home in CA can get them a bigger home here, often covered by what they net from their CA sale), allergies (smog), and politics. 

We act as a bridge for international investors looking to diversify their portfolios in Europe.If direct investments in Spain become less viable due to these tax implications, an alternative could be collaborating with local companies like ours.

I lead our DST due diligence within our RIA, and what you are experiencing is unfortunate and rare if you have the right sponsor.