Account Closed stated, all veils can be pierced, just depends upon if you are truly running it as a legitimate entity or just a shell to hide assets (among other things).Also, as David stated, the issue regarding invalidating your title insurance policy by using a different entity can be easily resolved in a title exception letter drafted by your attorney prior to closing.Finally, I agree with @Crystal Brooks.

But what if I did what I could to legitimize it as a farm property, even though it's not.

It is one thing when someone makes a legitimate error and corrects it but this is wrong!  

It's a legitimate transfer like a sale which is why it can also trigger the due on sale clause with a lender.

He was interested if I can make a company LLC or S-CORP that is established here in the states. he didn’t want to work with an individual I understand, he wanted something legitimate.

I think STR's work well for 'destination points' or theme-based venues.

Also, the parent company of Loopnet continues to use the court system to kill off any legitimate competitors.

While I understand your hesitancy, it could be legit... if I were your Realtor I wouldn’t be doing any of this via text or written media, I’d be getting them on the phone and listening to the tone of their voice, and asking questions in real-time to feel out how legitimate this is.

In other words, it needs to be a legitimate, verifiable business expense that you can prove if ever questioned on it.

I think it's a legitimate fear in many cases since you are: (1) basically trusting the Bureau to take the necessary steps; and (2) it's not always easy to verify whether the Bureau took those steps.