What I am  not clear about it whether cap rate determines the property value of property value determines the cap rateCap rate = NOI/PricePrice and cap rate are inversely proportional to each other.Let's say you are looking for a deal, the purchase price is 1Mil, with NOI is 50k.

If he goes with no pay then he gets a proportional share.  

It feels great to be my own boss and have my paycheck be directly proportional to the amount of effort I put in each day.

My understanding is that LLC is owned by two IRAs in certain proportion and there is no other shareholders of that LLC.

Anything that is for the entire property, would be split proportional to the amount of space, so if the rental is 67% of the property then you could deduct/depreciation that amount.

I know I wouldn't Are your rents proportional to similar units in the area?

(c)Any distribution of cashpursuant to paragraph (a) of this Section 5.04 or Distribution inKind pursuant to paragraph (b) of Section 5.04, shall be made to theMembers in proportion to their Interests.

Also be aware that the number of wholesalers and flippers in Memphis is way out of proportion to the population.

The deductions have to be proportional to the amount of the property utilized for a rental.Generally speaking, since fifty percent of the square footage of this building is utilized as a rental property, you can write off fifty percent of tax-deductible expenses.

@David Abbate GPs/LPs will all share in gains/losses together proportionally to their investments.