That said, since the engagement was driven by fraudulent means, I wouldn't pay for anything.    

In fact, if your CPA files anything they believe to be fraudulent they can be held accountable.

OP,Please don't start your investment career by doing so fraudulently.  

When I see an account that seems fraudulent, what is the best way to report this to BP staff?

The Reno economy is very much based on logistics besides tourism/gambling, we have distribution centers for Walmart, Amazon, Chewy, etc.

I think this thought that appreciation is gambling is a horrid statement and simply not true but its been beaten into the starter investor over the last 10 years because of what happened in the GFC..   

I would certainly see what they say instead of gambling that they don't find out, but it's a tough call.As far as how to form it, you can probably do it yourself on the website for the state of Texas, but the operating agreement should DEFINITELY be done by an attorney if there is more than one member and especially if it's not husband and wife.

You bought the house to live in, not to gamble with. 

I got scammed on a site coincidentally bought by AirBnB, since it's just a platform, it isn't their fault the person used fraudulent CC's to transfer me money.

If there was a way to eliminate or reduce the number of fraudulent claims the rates would be way lower.