I think your donor will be exempt from gift tax as long as the gift is not tangible personal property or real estate, but I am not completely sure about this.

Its purpose is to collect tax at the source, as the wages are earned, instead of collecting the tax a year after the wages were earned.I was told by a lawyer as of now: Maryland (up to now) has looked askance at series LLCs.Thanks for your comments.

And at that point you've always got the option to later one off sales (paying tax as you go but controlling it) or add to depreciation in a more controlled environment within controlled 1031s inside the portfolio. 

I am in Sao Paulo (one of the biggest cities in the world) and see an amazing amount of vacant commercial bulidings yet there is still 18 floor high-end apartment buildings being built all over.

As far as primary housing, its very easy to find affordable, nice houses with relatively low property tax.

Put good cash on cash with 25% down and have high quality and low headache type properties.Someone that has 5 million down and gets 15% coc is 750,000 pre-tax a year.

Pete and I pay that apartment license tax as well as a launderette/employee tax.

Realistically, to give you the assurance you want, you will at some point have to let another professional tax a look.   

You should speak with a real estate savvy CPA, especially if you are factoring in taxes into your decision making.Interesting I may be wrong about the 4% investors tax as it's been a while since I read this.

However, a while back there was legislation to allow homeowners to avoid this phantom income tax.