Is there even any benefit to that if all the activity is line 2 rental re income/loss on the K-1?

An official background check and personal referrals can help you identify red flags unrelated to finances, such as poor tenant behavior or previous criminal activity.

Who is actively investing (or hopes to) invest in this market?

I like places like Petersburg, VA and Wilson, NC....let me know if you want to chat or talk partnerships, im actively looking for partners in current opportunities. 

We’re actively acquiring properties with interest rates as low as 2-3%, even though current rates are nearly triple that.

I may try something like that.For when you do respond @Noah Wright that is am amazing breakdown of how to write a good reply that won't come off as condescending to other guests.We have responded to reviews in the past, typically when it is actually helpful feedback and we address the issue so we can let future guests know it's resolved and that we actively listen to feedback.

Refinance activity is expected to pick up soon.

You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.

The REI community here is extremely active.

However, if you choose lenders that originate the loan (purchase/rehab/DCSR) to the LLC (entity) and do NOT report to the credit bureaus then as long as you do not default on a loan, the odds are slim that your borrowing activity will appear on personal credit.