Both attorneys say it was prorated but it doesn't appear to be so.

It's easier to invest where you live or are familiar.  

They're paid by the job and if their performance ever decreases (which can happen - they're great for a time and eventually for whatever reason their quality, timeliness, etc declines) then it's easier to phase them out & replace them with a different crew. 

A lot of CPAs get hung up on “substantial services” piece which is a semi grey area but if you understand STR the judgement calls are a lot easier.

That would make it much easier to get actionable information.

Based on your description, it does not appear to be a wrongful distribution.

If you want to report both on-time payments and delinquencies without tenant consent, it appears that FrontLobby is an option.

Currently, the housing market for owner-occupants appears unstable.

First, it could help you qualify as a real estate professional (REP), or at least make it easier to qualify, which would allow you to offset passive losses from your rental properties against your active income.

In fact most new BRRRR investors prioritize whether they can receive 100% of their capital back through a refinance over all other deal metrics and being laser focused on that particular objective often leads to investing in the lowest tier neighborhood where it is easier to complete the BRRRR process.