They moved the belt a couple of times to distribute the shingles around the roof. 

If so, then from your perspective the transaction is treated as though the LLC distributed all of its assets to the members (including you) in liquidation according to the distribution provisions of the operating agreement, and then you purchased from the other members the assets that would have deemed to have been liquidated to them in this hypothetical liquidation scenario.Of course there are some complexities here (are there any built-in gains?

So assuming the business is making net at least 146k, how much is the difference when you adjust the salary across income tax to owner distribution at the 21% rate. 

Now, if you and your partner were to both have properties you wanted to own in your own name the LLC could sell and then 1031 and buy the replacement properties and after the 1031 is complete you could work with your accountant to dissolve the LLC and distribute the properties to each of you individually. 

I would guess the money moved to the end/user distribution & boutique products - oils, edibles, pain reducing compounds, etc.

I also love analytics, the truth is always in the numbers, and I love the endless strategies and systems RE investors have derived to be successful.  

So, if you are under 59.5 years old, you may want to consider the account itself purchasing a property (with debt it sounds like) in comparison to distributing your retirement account and likely facing the early withdrawal penalty. 

It is not your money until you take a distribution and pay taxes. 

You may payments and the payoff to the LLC.If they money is still in the old 401k's and they don't want to take a distribution, they would each create an SDIRA and an IRA LLC. 

Here's an example of how the math usually works when I look at it...http://www.loopnet.com/Listing/3121-3205-Orange-Ce...Purchase price = $2,480,000NOI before debt service (derived from 7.6% cap rate) = $188,480If 80% of purchase is financed over 30 years at 5%, that is $127,807.68 in annual mortgage payments.This leaves $60,672.32 in profit every year, until Year 31 when the mortgage is paid off.This is a down payment of $496,000 that you wouldn't see back until over 8 years.