It also depends on flow of funds and the waterfall structure along with the risk involved. 

Some operators do a waterfall return after that pref has been made everything on top of that is split however you set it up.

I guess all I can say is, CALM DOWN MARY FRANCIS, it's all going to be okay.

I've been managing properties for close 8 years, so while I am humble enough to know I have plenty to learn (part of why I'm on BP), I certainly wouldn't say I have "obviously limited experience".I suggest you calm your approach - this is supposed to be a helpful place not a biggest balls contest.

Assuming the Operating Agreement is silent on thematter, what deductions are allowed from net gain before thedistribution waterfall.

Historically it hasn't been an issue but large snow melts exacerbate this and are causing water to pool around the base of my two electric water heaters.Basically, the sun heats up the snow on the shingles, snow melts really fast and creates what is basically heavy rainfall down the south slope of my house, catches my gutters (which are full of snow/ice, and water pools over the side like a waterfall, coming down and creating a slushy/icy spot, causing water to freeze to the siding and create a large pocket of ice along the side of the house.  

I would lay out to her what options you consider acceptable regarding the machine only when she is calm. 

I’ll definitely send you a PM since I do have a couple of questions and if you even wanna meet up in person when Covid calms down I’d be interested in that too!

I understand some of the basics, but I feel like getting confirmation from an expert will really help calm my over analysis.

I am not getting in to about tax laws today but interest rates have been used as a tool to calm down the inflation spawned from a hot economy.. thats not the case this time, we got inflation from a supply chain problem (lazy brats with everybody sitting in their duff economy) Now its just my opinion, problem I fear most, is the feds will misdiagnose the problem and hike interest rates than will bring stagflation.. and at that point all bets are off