Finally, with the use of Trusts while establishing these structures you can add a level of anonymity by removing your name from public record.The second point I want to bring forward is that if you benefit from something, then by law there is always some sort of liability that can be traced back to you.

In some Alabama Counties (they all have different procedures to enact Alabama law)  this word will allow the buyer to record the deed without paying recording tax on the assessed value of the property. 

Any attorney who does both real estate and corporate law should be able to help with this.

The good thing about a partnership is that it can have any profit/loss allocation and terms so long as all the partners/members agree to them.I am sure your friend will want to be on the title of the property so his rights are protected.One thing to consider is that there are laws/regulations regarding foreign money.

Hi our 14 unit rent stabilized apartment building is not very profitable  due to strict rent stabilization laws in NYC.

Facebook decided that I'm a lawyer for whatever reason, so now I see facebook ads for "get more law firm clients!

CA has homestead law that protects up to only $100k!

My local market and rental laws make it difficult to invest here.

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).

I can't speak to the law, but it does seem like a recipe for disaster.