You follow whatever the LLC Agreement says.If the LLC Agreement says that distributions are based on percentage of capital contributed, that should be the way that distributions are made.If you have to recalculate the tax capital account to figure out distributions, there is likely 1-2 hour of an accountant's time(likely billed) to come up with what needs to be distributed.However, at the end of the day, for things to be above board, the transactions have to have economic substance so they would need to follow the capital accounts.

However if you reply does no answer any of the question I asked, then you are only promoting a lack of substance to the BP community.

Maybe you’ll save money on some commissions, but the time and costs of maintaining your license are probably higher than you expect, and because you won’t actually have much experience, there’s a real risk that your lack of skill will harm your investing more than if you were just working with a higher skilled, seasoned agent (same goes for the few friends and family that you will “help” occasionally).

If I rebooked the dates, no harm no foul.

These rules, which include a requirement that sellers set aside a portion of the purchase price for buyer-agent commissions, prohibitions on modifying the commission, and permission to filter listings by commission, all enable NAR, its co-defendants, and its members to maintain buyer-agent commissions at supra-competitive levels unrelated to brokers’ experience or the services provided, steer home buyers away from lower commission homes, and drive out discounters—among other harms."

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

They serve veteran women who deal w/ substance abuse and homelessness.

Screw this up and the tenants can stay in for a few more months.While you are waiting for the eviction, ask yourself if the current property manager is helping you or harming you.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

I hope I worded that correctly.You’re worried about form, not substance.