There's a lot of misconceptions about the benefits of LLC's because people don't take the time to research with credible sources.To lower your chances of an IRS audit or to improve your chances of surviving one, you should have separate accounts for business vs personal income & expenses.An LLC can be a great way to do this. 

I see a common misconception that you can just begin investing in real estate and have less taxable income.

It's a misconception that there is some amazing off market deal waiting for you.

I think there is a somewhat misconceptions about mentors.

This is a big misconception that many people have.3.

There is still a ton of side line chatter all containing misconceptions of the rules as well.  

Also, There's a big misconception that FHA loans are for first time home buyers and that is not the case.

This is a big misconception that many solar reps still tell people. 

I do correct misconceptions about money and wealth when I hear people complain about being broke.

I'm emailing you this and I'm posting it in the forums to call you out on this misconception and factually incorrect blog you wrote.Of course, I'll wait to see if any BP folks think I'm mistaken.My annual return from stock investing is over 16% since 2005.