Aircover does not always agree with you and pay out.

RE is a long term game. 

The PPM and Docs are customized for your project so you will need to have it outlined upfront on the structure and payout (is it pref equity, debt and the capital stack etc).

How do you structure your payouts (e.g., set salary, percentage of profits, or other methods)?

You can get a HELOC if there is equity in the property most likely, which there should be since you own it in cash, but you will just be decreasing your pay out and then may end up short in repair money, depending on how much it is worth.

Pay your vehicle loan, credit cards, etc because in 12 months all of the accounts you pay out of a business checking account will be omitted from your DTI in the future. 

Screen them as you normally would - does their income substantiate their portion of the rent +/- a little for changes in what the housing authority will pay out?

Quote from @Theresa Harris: Quote from @Kevin Sobilo: Quote from @Theresa Harris: I'm in Canada where refinancing is an expensive endeavor and we generally don't do it (we have to pay out all of the interest remaining on the mortgage). 

Do you know if a roof that was replaced due to an insurance payout can be added to the basis?

With $50k I can get 866 share x .264 payout a month is $228.62.