That means I will have to convert my LLPs to LPs which means losing the liability protection, but retaining the administrative complexity (additional tax submissupions for each LLP).  

If you guys are the "LPs", then the the company GPs are responsible for doing the entity structure.

Camaraderie, support, encouragement, partnerships, and stimulating discussions, would be incredible.

I am in wholesaling, rent to own and other creative forms of financing because it suits my personality (highly competitive and in need of constant stimulation).I believe, however that buy and hold investing is far and away the best and most reliable method of building wealth compared to wholesaling and flipping.

I have used LPS, and I just signed up for Corelogic.

These differences are what seem to be stimulating the economy on all different levels but doesn't necessarily mean a crash is imminent.

I know it sounds too good to be true, but this is the federal government's way to stimulate the housing market that has been in a slump in recent years.

I'm just getting into this industry myself so I don't want to give any impression that I've got the answers; rather, I just throw out thoughts and questions to stimulate discussion from the seasoned pros on here, who do know what they're talking about

The initial implications would seem to be significant, given the elimination of deductions, but the long-term effects might negate the initial loss due to the (potential) economic stimulation that it could induce.  

They said they would grant lenience for those who converted their LLPs to LPS before the end if 2017.Then, in Spring 2017 after hearing a lot of feedback they said they would grandfather LLPs that already existed, within a few constraints, but that any new LLPs would be treated as corporations.So, going forward, using new LLPs could result in double taxation.There are a number of nuances but that is the essence as I understand it.