The appointment of a Chapter 11 trustee should better serve creditors, shareholders, and the public interest by promoting efficiency, effectiveness, and transparency, traits that may havebeen lost by current management.  

The property accountant will reconcile bank accounts, rent reconciliations, create (maybe post) journal entries, preform CAM recs (commercial assets) and do the period end closing with financials to shareholders (lenders, owners, partners, etc).   

You can also pay yourself with Shareholder Distributions or Dividends.  

We plan to create a C-Corp of which we will both be shareholders for all of our wholesaling operations and income.

-Warren Buffet in letter to shareholders

I just need it to make sense.It isn't a 60% return on investment, they split the profits 60/40 with the shareholders and dividends are distributed from there.

A quick search shows that The Vanguard Group is the largest shareholder. 

Would those partners only be involved as shareholders in their respective PropCos?

Depending on how many shareholders will depend on if you are taxed like a individual or a partnership.

There are many co-ops that don't allow the shareholder to rent/sublet in Manhattan but people do it anyway especially if rules are not enforced.