Almost every investor in syndications invests without an LLC, presumably because it is unnecessary.

It can be kind of complicated to understand but like JFK said (paraphrasing) "we don't do things because they are easy, we do them because they are hard."

Due to new construction guideline, he has asked us to lot of unnecessary reports like survery, soil report, fire sprinkler plan which costs lots of our time and money but was provided to get us permit.He is saying this is change in function and it requires new construction code. 

I have the same question about the parent LLC but I think it is more complicated.

Its complicated on a VA loan but you can do it if you want to go that route.

I'd say to not take any unnecessary risks in 2020, due to in 2021, the economy will likely get even worse.

- If my friend and I were to form an LLC that then was the general partner of the LLC that would own the building....would this be that complicated from a loan processing standpoint?

Strong Mexican culture makes it unnecessary. 

Those are two exemptions for private placements, which means its a private offering to investors. 95%+ of private capital in the U.S. is raised through Rule 506b alone.Other ways include going public (likely not what you want to do), using in intrastate offering exemption (meaning you can only have investors from that one state), Reg CF (which currently still limits you to $1M a year and needs to be done through a licensed portal, though the dollar amount is set to increase to $5M in the future), and Reg A+, which is a mini-IPO and likely too complicated for what you're trying to do.It may be possible to get ONE check from ONE investor and have it not be a security, but that depends on what jurisdiction you're in and you'd still want a lot of the same things/terms spelled out and done as you would in a securities offering to CYA--especially these days. 

How do I approach this deal with the complications my license gives me?