But you will buy a specific property, in a specific location, subject to local rules and regulations.

@Kathy MerkhI believe they have a regulation a+ offering if it’s this company: Here is there information for fund 2.https://www.sec.gov/edgar/search/#/ciks=0001831623&entityName=Connect%2520Invest%2520II%2520LLC%2520(CIK%25200001831623)Question I would ask is where are you on the debt stack and what are they investing in?

Hi Angelo, I do but Europe is huge and very differentiated you need to understand the current local laws and regulations and appraise the risk of them changing (getting worse).

You may want to check on your city's or county's animal regulations for information. 

How are things going to STR in spain with the new regulations? 

Small banks use to do this before such practices were regulated and many got in trouble in attempting to influence a borrower, thus the regulation.

Having an LLC in that state may simplify compliance with local regulations, tax filings, and property management.

There are new regulations.

Assuming you are referencing the city of Atlanta, the STR and MTR rental regulations are complex and strict, but many adhere to them.

It is good that you are doing research for the regulations of the different cities.