They collect the rent, deduct their fee and any other expenses they are allowed/required to pay on your behalf, then they distribute the remaining funds to you.It's critical that you review the property management agreement and understand what you agreed to.

Have a separate bank account from your personal, make sure the operating agreement spells out how to value if anyone exits, who can buy into it, you can vote to not distribute funds- if your sued they can come after your property but also your Cashflow stream.  

Have you noticed on BP thread after thread about assorted syndications suspending distributions, going belly up, taking measures to prevent going belly up? 

Complete the exchange and then dissolve the LLC and distribute the properties to each former member.

Most people have to determine how to distribute income effectively from the assets they have gathered.   

And a good # of the "fluff" multi family deals of recent years that were underwritten very aggressively (floating rates, high leverage) are having to stop distributions, raise more capital or in trouble.

This is derived from the amount of equity we can contribute as the sponsor and the amount of equity we know we can comfortably raise in a 90/10 structure.

Property owners should not have to wait to obtain their TS deposits; Owner's reserve funds; Owner's distributions and more. 

Appraisers are not going to add value for something that is financed or leased, and if you're the only house in the radius of comps with paid off solar they won't have any comparisons to derive value from it.In the end it is really only advisable to pursue if you're going to own the home forever....while it is nearly impossible to determine if you'll own forever or not regardless of present circumstances.  

Ultimately we decided that the cost of doing the cost segregations right now was not beneficial enough since he didn't really have any reason to pay for them and if I would have covered the full cost then the benefit wouldn't have been significant enough to me.That said, I do know there are ways to structure your operating agreement where the depreciation can be distributed to different partners in different ways.