Anyone have practical experience with this that we can discuss further?

There are a high number of CPA firms that do not want to get involved outside of the FYI to their clients, and some state boards are saying that a CPA advising related to this registration is an "unlicensed practice of law" given it is not under Title 26 - income taxes - the only place where CPAs and EAs are specifically authorized to interpret law. 

It is sad that no enforcement can even go after their fraudulent business practices. 

I've been pretty vocal on this platform against bad syndication practices out there. 

While true as a practical matter, it's not because there are no such contractors.

Those of us who have build investment assets, businesses, professional practices, etc. understand how much time, effort, planning and capital it takes to “scale”.  

It can also be probably fight in court if this is a monopolistic practice if you think about it but who will want to fight it :D.  

You have to practice and find smart ways to move around PPC/PPL is definitely something I’m keeping on my radar, it’s great to hear that it's working for you and bringing in motivated sellers.

Quote from @Mike Arias: Quote from @Chizitem Ibeneme: I'm a college student, and I plan to start investing in multifamily homes once I graduate, and I recently started looking at deals on Zillow just so i can practice underwriting.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.