MANY things can affect the title to a property, not only issues that are specifically recorded as a public record like a mortgage.

My posts aren't specifically about Rent to Retirement, rather the concept more generally.I am also not concerned with the new construction turn key model, its very different than the lower tier/entry level SFH's and not relevant.

If you’re unsure about which specific account to choose, ask a local CPA or banker, since every situation can vary.

I'm specifically looking at a property on Lake Monroe.

What specifically are you looking to do?

Talk to your attorney, and if you dont have one, get one - as @Ken M. said, this is highly specific to the state and the circumstances.

Wanted to get some thoughts from more seasoned small multifamily investors on a few items or any other suggestions:- Any specific pros/cons of any particular states in SE (TN, AL, GA, NC, SC) to consider?

We liked the idea of partnership on a bigger project with the specific MTR strategy in order to increase NOI and exit in 3-5 years.

We have worked in many areas of FL for years and specialize specifically in REI. 

- we are aware of the statutory requirements, just deciding whether the tax benefits would be worth it to us for the long term for a specific property -