I know I have to give my quarterlies and yearly's and I have to maintain net worth.. drop below and cash has to be added.With your average BP buy and holder they are getting their first 10 loans and these don't have net worth provisions so the banks are allowing them max leverage with no real over sight other than front end underwriting.I think some of the portfolio lenders on the bigger stuff I hear about they have annual reporting requirements.

But quarterly or even monthly distributions are fine.

An LLC is a pass-through entity for taxation purposes.

I have a company visit every quarter, but I pay for it so that I can choose the company and receive reports about any issues. 

Now I just need to figure out how to do the recapture tax. At

(On the plus side, by thinking of this ahead of time I won't be rushing in April)@Ashish Acharya thanks for the tip on S corp taxation.

http://www.wbur.org/hereandnow/2018/07/03/manhattan-real-estate-sales-fallAccording to a new report, Manhattan real estate has now had its worst second quarter since the Great Recession.

For your second question, I would calculate any recurring payments as a monthly income even if it is paid quarterly or annually.

@Josh LyonsUsually, I take distributions from an LLC quarterly.

@Ron Fletcher, I did not think of the increased property tax at all after the renovation.