Thank you for taking the time to read my introduction.

It would definitely be fraud if this was the case, a recent post from an auctioneer talked about this exact situation, where they said the auctioneer was liable (different bedrooms/type of home example you don't have to read it) States would differ though and it doesn't seem black and white. https://mikebrandlyauctioneer.wordpress.com/2022/07/12/no-li...I do agree with you that it could very well lead to being burnt, however.

Stop reading and thinking about rental houses at this stage.  

I am in a situation where my wife and I operate rentals through an LLC and was hoping to avoid partnership return (non community property state)My reading of the 2007 small business and work opportunity act is that spouses may elect out of partnership filing rules and there is no mention of different rules if within an LLC. 

Read that again.

Sorry to hear about the mistakes.Please read this post about finding a CPA:https://www.biggerpockets.com/forums/51/topics/1222774-expla... 

Downtown Kansas City, Missouri has experienced $9+ billion in investment since 2001, including a new convention center and hotel, a state-of-the-art sports arena, a performing arts center, a new streetcar, and an eight-block restaurant and entertainment district (read more here).

If I were considering investing, I would read the PPM and Op Agreement to ID risks and further questions for the sponsors. 

There's a specific forum for House Hacking.You'll want to spend some time reading through there as it's a common topic.

Solid employment history.