I realize it's just an example and my comment is a generalization but just something to be aware of.With regards to the original question, I think it comes down more to what you want to do and what the offer is for walking away vs. rebuilding.That is the exact example a public insurance adjuster used when speaking to a local investor group a few years ago.

There's definitely a few things to note since you are residing in Europe, most of the investors we work with that live over there do put it in an entity but there are a few details for how that would work since you aren't necessarily local. 

I would even call those agents and see if they know the finishes that were put into the property, if not ask if they can setup a call with that investor to see what they put in..

I’m a super eager wannabe real estate investor, my largest barrier is my lack of start up funding.

I've worn three hats in the seller financing world (as a property buyer, as a property seller offering terms, and as an investor that buys seller financed note). 

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

I want to network with those investors who work on the business and not in the business.

If you are new, be sure you can raise the funds before proceeding.In my opinion, you are going to have a hard time raising money with a 6% pref and 70% of the profits after that unless you have a lot of newbie investors in your Rolodex. 

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.