In other words, the LLC generally doesn't recognize income itself...the owners generally must take responsibility for *all* it.

I knew from research that  "confederates' -- are people probably in collusion with the guru-promoter...it was not just real estate...it was binary options, stocks...options...All I know is that I wanted to be an "investor really bad" yes I told you I was addicted...and do you know what I would see over-and-over again...the same people just about everytime I went to another "free seminar" or went to gomeeting online and yep the same people still there (recognized their names)...was I spinning my wheels?

I'm a newbie but I train a lot on understanding real estate investing meaning I'm picking up that phone having those difficult conversations, going out touring properties improving my awareness of recognizing a good deal.

You might have the expertise to recognize pitfalls in a real estate transaction and trust an technology to vet service providers in the transaction but a lot of people don't, can't or won't. 

That said, I'm trying to be eyes wide open, and recognize the potential for that market to remain flat or even regress over the next decade while the state figures out how to balance and budget without further taxing a base that can't handle anymore.

Honestly, if he does that, I'm not sure people will even recognize the house once they get on the street.

You will be recognized as an “expert” just by having the book and your background.

Also I can recognize the revenue through my business as opposed to through the IRA.

@Elbert Dockery I recognize each of you as local experts in the Chicago area as I’ve read many of your posts on BP and I always appreciate your input. 

Then check those underwriters to see if indeed they are a recognized agent for those insurance companies.Google Maps is your friend.