At this point when I start podcast if it’s not David Greene talking I stop and find another real estate podcast.   

Kind of out in the middle of nowhere, but my son just started college at Tarelton and we live in CA, so its on my radar now...university has plans for big growth in the next 5-10 years. 

I've been hearing about this and understand it's popular in other countries and only starting in the USA.  

I'm finally about to get started and decided to go the "build to rent" route.

Second GC undid all the work and started from scratch.

Google "skip tracing" and hire a virtual assistant or call center to start dialing any property that last transacted for under a certain price point.

If not, you said it great, ignorance will only go so far before it all comes crashing down.We need to know our business by working IN it, once we do that we can starting working ON it. 

Most often the terms specify that distributions are first paid to satisfy the preferred return and second they are paid to return capital, so the capital account would look like this:$100,000 starting balance$8,000 preferred return accrual($8,000) preferred return distribution$100,000 ending balanceIn year two, there is another $8,000 due, etc.But partnership agreements can be written however the parties agree, so the rules could be different and that would result in entirely different calculations and results.

@Michael Plaks Check out this forum for a good laugh...single handedly points to everything wrong with the asset protection misconceptions most bigger pocket investors are guilty of.Anderson Business Advisers Asset Protection (biggerpockets.com)

For anyone who started out on Biggerpockets and still doing real estate, how has BiggerPockets helped you?