@Tiana O.The way I understand it You will have to pay yourself some salary  commensurate with the work your doing including FICA but the rest can be a dividend /distribution void of SSMED Tax. 

You should talk with an accountant and a lawyer (I am not one), but for tax purposes if you take any distributions I believe they count as income anyway.

That's a technique for seeking out property owners that they use in the US all the time.

@Jake Berwind I don't know about Florida laws but in Washington you can make an offer for a property using a land trust(to assign)-but its definitely an advanced real estate technique.

I look forward to asking a ton of questions and hopefully helping answer some as I get a solid grasp on the different tactics and techniques I’ll be using to buy and rent houses. 

The goal is to raise capital from 2-3 parties to invest in a single property and distribute profits over 3-7 years.

The main benefit of being "grandfathered" by using the existing structure is that setbacks and construction techniques can also be grandfathered. 

You should look into Series-LLC and see if that's an option for you - then you don't need to worry about this question, as you can place a property in its own children Series-LLC that you can form when needed.As for distribution, you can have one or more per LLC, and that depends on multiple factors:- property class - you might not want to mix A class property with a D class property in the same LLC, due to different tenant level- cash flow - you might want to keep your cash flow cow separate from the ones that barely produce- equity - you might want to keep the one with large equity in its own LLC while you can group the ones with little equity in another LLC (let's say you have one with 50K equity in its own LLC and 3 other each with only 10K in another LLC, till their equity grows to your risk threshold when you move them out in their own LLC).- number of units (in the case of MF)- location of real estateThe investor has to decide what mix is optimal for their situation.

See the following for more on the 401k distribution rules. https://www.irs.gov/retirement-plans/plan-particip...

Is there a legal standard in this case for distribution of a late fee when the management agreement does not specify?