I was willing to just walk away and wash my hands of these guys but this unit earned several thousand in rent over the last two months and after their charges I received $300 of it.  

Because without the S-Corp election, you pay SE tax on 92.35% of your earnings.

Should the op assume anyone responding to her thread has earned that level of mastery in corporate law?

Are you referring to a 1099-INT (issued by the bank) for interest that the tenant may earn on interest bearing accounts?

.$16 billion one year earnings for a business that took YEARS to cash flow! 

Earn and save.  

There are also the liabilities of the LLC, a creditor can't reach the Trust assets through a Trustee, but they can the income earned or taken by the Trustee from its business.

They will keep us all out of trouble and learn and earn. 

In other words, I had to earn $75,000 to buy a $50,000 item. 

Now, if there is a broker in a LLC and you are a member in that LLC you might be able to work under that broker and earn profits, but see your attorney.If yu do any business at all you'll get a bad note at some point, you never know if it's the second note or the 200th note, but it will happen.