A wire was sent to my bank, and despite specific wire instructions and a screenshot of the account details,  the wrong business name was used, and the wire was returned.

Every accountant I have ever talked with has always had it as Interest income and taxed at ordinary rates?

Account ClosedThe challenge for any PMC is trying to keep ALL their owners happy - despite owners having various approaches to maintenance ranging from:1) Slumlord2) Over-improving like they will live thereOur best approach to all this is to, "Maintain to the Neighborhood". 

these deals are done with your commercial banker .. they are not something that is advertised or talked about.. its why I keep all my accounts and my affiliated companies accounts at my commercial bank. you need to be able to talk to your personal banker and that banker needs to be in a Senior position.. thats how it worked for me.

After the fact you can work with your accountant to add the second member to the LLC.

Over time the balance builds up in my account and will pay for any damage or lost items as needed.I started this process about a year and a half ago for all 3 of my properties.

The custodian is bypassed and you can make payments and deposits into a checking account owned by the retirement account.  

Keep in mind he had the skills to make it happen, and he doesn't account for the cost of his time/skills.

However, this space's lack of accountability and lackluster promises are mindboggling.

Quote from @Alex Gatchalian: Your equity is not a savings account from which you can withdraw for free.