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

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.

Talking with an agent in a different state the other day and they started talking about this or that issue, that I never really heard about. 

Most sales agents are required to start working buyer leads when first licensed.

Greetings,We are wondering if anyone in the Greater Wichita, Ks area knows of companies that are attempting to begin a residential assisted living home?

And the simple task of directing the money to be sent to a second title company would constitute you having constructive receipt of the funds. 

I don't have much for down payment, and I'm hearing that you don't need money to start.

Hey Kendell,Great to see another younger professional in this space. 45k is definitely a good start to start investing in rentals or BRRRRs depending on the area.

We started taking the Houston phone book which was huge and by category and just flip pages and put our finger down without looking for a selection. 

Certain organizations such as the AICPA and the State board that issues the CPA license mention what a CPA can / can't do to retain his / her license.Providing a comfort letter is an 'attest service'.Furthermore, CPA firms are encouraged to have insurance, which may mention that the firm can not provide comfort letters.What the mortgage company is looking to do is potentially have another person to go after if the mortgage goes south.It is not worth it to a CPA to get a few hundred dollars but potentially get a lot more in risk exposure.