FEE SIMPLE transaction for donation

[Viral Patel]

Hi,

I am planning to do invest in fee simple transaction to get 5:1 deduction. I do know that up until last year conservation easement (CES) was way to go but since now IRS has reduce to 30% of AGI it make more sense to invest in fee simple donation for tax write off. 

Anyone has experienced on how or what should I consider in terms of risk (penalty, interest, etc)? I know CES what audit a lot because of nature of the transaction, is it same for fee simple transaction as well?

Thanks for guidance and help.