@Willson GuimontYou can exchange into a Delaware Statutory Trust or a Tenant In Common, but not a REIT. 

A good Loan Officer or Broker with experience on multiple property scenarios will be able to get this all handled for you.

In worse case scenario, you learned your lesson and move on.

@Eran LifshitzVery common practice. 

The trust and the LLC are the owner of the asset/real estate, so even in the scenario that they guess, they guess wrong.Now of course, when you're just starting out, it may not be ideal to abide by all these pillars of asset protection because they do cost some money to put in place, but as your real estate portfolio grows, the value of these principles goes through the roof.

There’s so many negative scenarios that can happen if you are not properly prepared for them.

The trust and the LLC are the owner of the asset/real estate, so even in the scenario that they guess, they guess wrong.

One person has one experience with one guideline in one scenario, and then whenever someone else wants to know about anything remotely similar, they generalize their own experience.

Typically, a common address or an unambiguous description will suffice.

This assumes the deductions are legitimate in all scenarios.