Investors & landlords

Not entirely surprising, but concerning in any event given the complete lack of control by LPs over these things.  Someone had suggested I should contact the IRS and request some kind of assistance.  I think they mentioned a private letter ruling, but I suspect this would require a lot of formalities as well as time that I don't have before next week.  

 

As for your last sentence, are you suggesting that K-1 investing is problematic generally?  Or only in relation to the specific circumstance I've outlined?