However, the profile thoroughly communicates they smoke a lot of weed.

In Florida, you get grandfathered on property taxes based on when the value you paid when you purchased each property.  

A large asset base for some certain reason?

I would not start investing, creating businesses, or doing anything in life based on a unicorn example, whether it be real or imagined.I would look at the industry from the top down, figure out what realistic margins are, and see if I can gain a competitive advantage or beat general market returns by a few % points.  

I currently have a European based property investment company with capital to invest in the us?

Its super high, based on my assessments this year, its very difficult to get a  positive cash flow property in most cases (some states may have it).

Material Participation Activities:Property Maintenance: Engage in repairs or construction work on the property to maintain or enhance its condition.Contractor Management: Oversee the hiring and coordination of contractors or handymen for property-related tasks.Tenant Interaction: Communicate with tenants regarding lease agreements, inquiries, or property issues.Property Acquisition: Invest time in property search and evaluation processes, including visits to potential investment properties.Property Management Tasks: Perform activities typically handled by property management companies, such as rent collection or property inspections.Non-Qualifying Activities:Educational Pursuits: Time spent on real estate education or training programs does not count towards material participation.Investor Hours: Hours dedicated to investment analysis, financial planning, or portfolio management are not considered material participation.

I don't need title insurance to rent the house I now own.I primarily buy houses.

Never flipped before.If you take out a HD loan and say your construction estimate comes in at $100k.Eventually the actual estimated construction costs only cost you $90k.When you take a draw does the bank give you money based on receipts/invoices?

Pay no mid to a legal shield letter it is just the tenant communicating with you on a lawyer's letterhead.