Both are multi-family apartments and one has a 3.9% distribution rate and the other is 4.01%. 

I have access to deals with no debt that provide monthly distributions. 

To me it clearly seems their distributions are just recycling investor dollars or am I wrong?

That fund has distributed 6% since inception (quarterly) and invests primarily in commercial (not residential) RE.

However, ownership distribution must be clearly outlined based on each party’s financial contribution, and income and expenses must be divided accordingly.You might look into forming an LLC or limited partnership to pool funds, which can streamline asset management.

The HELOC may or may not disappear, but it will likely be "extinguished" from the property title after auction.After a first mortgage lender forecloses and it's lien is paid off with the proceeds from the sale, any surplus funds from the foreclosure sale are distributed to creditors holding junior liens, like a second mortgage lender or judgment creditor.And by the way, YES you should serve notices prior to entry just to be safe.After you acquire the property, what is the goal? 

Worse case scenario you distribute from your Roth early and pay taxes and a 10% penalty.

It distributed our listing to a bunch of places with the exception of Zillow.

It's an asset, although you may not derive any yield from it.

In 2018, after four years of no reports and membership payments, Vantage IRA sent him a 1099 notice saying that they had distributed the full amount last reported in 2014.Additionally, my friend filed a chapter 11 bankruptcy July of 2014, shortly before his arrest.With this being said, my friend never received the disbursement, Vantage IRA is still the member of the 7 LLC's contained within the account, and the LLC's were never closed.