Unfortunately, on BiggerPockets, you sometimes have to be cautious, as some professionals listed there aren’t always reliable since realtors, lenders, and contractors pay for leads through BP with little background.

I'm not sure what you're used to, but getting paid in draws is common in professional construction.

Readers should seek professional advice.

Readers should seek professional advice.

Professional trade journals such as Accountancy, Tax advisor and others. 

Not true, but don't believe me or anyone else, go find the answer from qualified tax professionals!

You should consult with your tax professional on the matter. 

I can generate some anecdotal examples, but would really like to see a professional study, existing court case, etc.

I played professional baseball for 4 years and don't have any experience in the real estate world.

I bought my first property while I was a 21 year old senior at the Ohio State College of Engineering.