@Patricia Steiner is 1000% correct.

This is correct, but that .5% is IN ADDITION to all the other closing costs associated with a refinance (Title/Escrow Fees, prepaids, and depending on the bank, Underwriting / processor costs) - so in reality it can be a little more expensive to refinance with IRRRLs.

Also, half of all LLCs get thrown out in court because they aren't managed correctly.

Am I correct? 

You are closer to correct if you are looking for large-scale multi, but still sound like someone who asks questions and only wants to hear what he wants to hear.

Asking in the correct forum will get a better response.Read the RULES!

I believe subject to transactions, done CORRECTLY, between KNOWLEDGABLE participants, with FULL DISCLOSURE, are typically successful transactions that have benefits for both sides.  

Correct, it’s a long process with no guarantee of success.

And those also only have a limited ability at best to generate a balance sheet, which you generally want to include on a 1065 return.came here looking for answers to exactly this question, and David is correct re: why.

If I am correct (sorry if I have that wrong), there isn't a big win in it for anyone, even an underperforming asset, to help someone get some experience on their listing.