However you must have and maintain legitimate self-employment activity to keep the plan active and be IRS-compliant. 

@Nick KenrickYour questions are legitimate, but you're probably not going to find much sympathy for your ideas on this site.

I understand the organizers have to pay for the venue, so I'm guessing its normal and not something to run from.

If you have a legitimate disagreement, there is likely a mechanism for that, too.

Makes you look more legitimate, and keeps everyone on the same page.

So, asset protection is less important.What CAN be important, however, is building credit in your LLC's EIN separate from your SSN.In that case, doing your wholesale business in your LLC brings income into the LLC which helps legitimize it.

Martin ) and got to meet SO MANY incredible people that I had only know virtually up until that point"Thanks for the shoutout, and so glad the SF Bay Summit could get everyone together :)  The venue has been a hassle canceling dates for 2017, but should have an announcement soon.

The feds are serious about being a, "real-estate professional"  It must legitimately be your first income.  

I have a great visual aid: "Hey son I would like to make a legitimate offer to you.

I go several networking events a week that are really a venue for "gurus" to hawk their most recent get rich quick scheme.