Advantages are that you only need to form and pay for the initial series LLC, file one franchise tax report, file one tax return, and pay one franchise tax payment if required by the state the LLC was formed in. 4.

And it doesn't really cost the taxpayers as much money as they're putting out because the principal is getting returned to the taxpayer when that buyer sells the home.What I really like is that its only for first time home buyers and only for new construction. 

That entirely depends upon if the lending activity even rises to the level of a trade/business: Scallen v Commissioner 2002 and Cooper v Commissioner TC Memo 2015-191the total number of loans made;the time period over which the loans were made;the adequacy and nature of the taxpayer’s records;whether the loan activities were kept separate and apart from the taxpayer’s other activities;whether the taxpayer sought out the lending business;the amount of time and effort expended in the lending activity; andthe relationship between the taxpayer and his debtors.

To self-certify, a taxpayer merely completes a form (which will be released in the summer of 2018), and attaches that form to the taxpayer’s federal income tax return for the taxable year.

The taxes in my unprofessional knowledge is s-corps and llc tax if elected the same is the same structure/tax pay output.To CPAs: Why can't someone, such as an entity be able to sell to another one in non-FMV, we all have seen distressed properties from individuals being sold on a steep discount, etc, why not the same as entity-entity?

I don't have a tax paying job, a less than 500 fico score, no bank account or credit card and am living in a house that is being foreclosed on (not mine).   

In other words, the IRS sees you and the LLC as the same tax payer.

If they cannot, they are not sophisticated enough to handle your IRA dollars.REITs are actually used to block UBTI or UDFI  income for the exempt taxpayers.

If so then it is considered to be the tax payer for IRS purposes.  

Plus, are you really saying that rather than having crappy options that people can afford ON THEIR OWN we should turn them all into nicer places, with higher rents, and then let the government (us, tax payers) pay instead?