The Distribution is for an individual who owns the IRA. 

@Reid ShafenbergThere is no going back and un-doing that move.I would assume based on your description that the $5,000 distribution was reported by the 401(k) administrator as a taxable distribution to you. 

Additionally, I feel calling my contacts up on the weekly to discuss listings without being able to physically see the properties may exhaust the relationship.Have any of you faced this challenge, and if so, what techniques did you use to help overcome this?

Then I could claim theatrical distribution to hype up my little movie (incomplete to this day, btw.

Every year about 300 wall calendars of scantily clad women with my advertising get distributed to my renters and their employers. 

If you're not familiar it basically recommends that you have a bunch of bank accounts (income, profit, owner's pay, taxes, and operating expenses) and when money comes in you distribute it among your bank accounts in some predetermined percentages (profit first of course!)

LLC is a pass-through entity, so both of you will get a K1 at the end of the year based on your equity distribution in the LLC. 

In Northern Indiana (Nisource), it used to be 20+ years ago (and I assume its still the case)  you would have to put a deposit down to cover the gas and electric distribution services, and you could get some credit back based on houses going into service with some assumed usage patterns.City run utilities and REMC's would have drastically different practices. 

The technique as a whole I would describe as "neato". 

Because you have no idea what type of deal you'll find and which seller will call and/or work with you.This is why you need to network network network with local investors so you have someone to buy the ones you can't handle.And wholesaling is not actually an investment technique.