So the one's on the sidelines that did not get involved, and or are not coming from a position of strength--- now no longer can invest. 

Of course, every owner's situation is unique and factors like the legal entity involved, purchase date, adequate passive income that can be offset with the cost segregation study, etc., will need to be considered.

BBB has them at a D-  rating because previous similar bad outcome 3- If you are really in the same boat as us, you need to start a class action lawsuit that involves all the investors in that project and/or sent a complaint to the attorney general in Florida that involves all of us get him to liquidate his assets, pay us back and get him behind bars.

All businesses can hit speed bumps during any growth period. 

That will involve settling on your plan for renovating.

I know your involved at a high level with Board of Realtors and state regulators .. 

HOA management for a bunch of peripherally involved out-of-town investors is probably a great opportunity pass along overpriced contracts to your local buddies. 

Here is what the IRS says on the subject: Election for Husband and Wife Unincorporated Businesses A business owned and operated by the spouses through a limited liability company does not qualify for the election Only businesses that are owned and operated by spouses as co-owners (and not in the name of a state law entity) qualify for the election.

Do they know real estate business and real estate taxation?

Detroit would be a solid option if you're strategy involves a little more risk for potentially higher cash flow.