Taxpayer Advocate Services are a taxpayer funded group that are supposed to be the "watchdog" that helps taxpayers deal with these types of issues with the IRS. 

How complicated is the foreclosure aspect in Maryland if the taxpayer doesn't pay during the redemption period.For you not at all, for your attorney it is very complicated. 

@Jeff BrownEveryone's tax situation is different.There are millions of taxpayers with real estate.Will you have people with similar experiences as you - Yes.Will you have people with different experiences as you - Yes.You should have a talk with your accountant on why your tax return is different now than in the past.

One thought I had was that I'd initially acquire the property through a single member LLC (a pass through/disregarded entity to maintain my status as the tax payer on the new property) and then the new syndication partnership would acquire an ownership interest in the first LLC. 

The land owners (investors, in the case of a syndicated conservation easement offering) receive a tax deductible charitable contribution that flows through on a K-1 on goes on Schedule A of a taxpayer's Form 1040.

Money isn't free and this will either come down on tax payers or higher prices for everyday goods. 

My own real estate investing is so profitable that I actually have to make estimated tax payments throughout the year to avoid incurring a penalty. 

And don't get me started on how Community property states vs non community property states have mucked up the whole LLC entity issue.But for purposes of entity ownership and identification of actual tax payer (which was @Michael Plante's question) I don't think there's going to be any state nuance that will differ. 

Full scheduled rental income of $16,800 and 5% vacancy shows an effective gross income of $15,960, which is very close to your stated actual.Year 1 returns are as follows: Pre-tax Cashflow $646 (0.30%), After-tax Cashflow $726 (0.33%), After-tax Return + Pay down on principle $1,942 (0.89%), Total Return (After-tax + pay down + appreciation-2%) $7,342 (3.35%).

We have seen taxpayers, often encouraged by promoters and armed with questionable appraisals, take inappropriately large deductions for easements.