Maybe a state's attorney that didn't have anything better to do might go after a wholesaler, particularly if a bunch of realtors got their shorts in a knot and pressed the state's attorney over their lost commissions going to unlicensed wholesalers, but that would more likely go into a licensing review board that would impose civil penalties.

However SE tax is imposed on active trades or businesses which generally means material participation is required. 

If you're not super interested in the REI game anymore and would prefer to invest elsewhere, then it's just unnecessary hoops - you have to decide what your long-term goals are and go from there.Best of luck!

I received an insurance quote that I was hoping to get some feedback on (first time shopping for rental property insurance).I figure there are unnecessary items on here increasing the price, but I could be wrong.

And a 2014 court ruling explicitly deems illegal a landlord’s attempt to impose any extra charges, whether labeled as “application,” “amenities,” or “community” fees.

Each settlement agents then can impose whatever rule they want on top of that.

Many non-RE specializing accountants, and even many "RE specializing" accountants are not utilizing this cash-flow mechanism for their clients; Thereby, causing unnecessary tax liability. 

But I think you're causing yourself unnecessary stress by looking at these (admittedly complex) issues as things you have to solve from the ground up.  

But if you're talking about a couple of single families or smaller multi-families, I would say that having an LLC for each one is excessive and probably unnecessary.  

It's an imposing read.