I understand that a corporation can be general partner in an LLP but is it possible to have the property by on the books of the corporation and issue distributions to the investors through the corporation?

The income distribution is roughly 60/40 between us.

In any event, get them both to sign a simple document about how the money is to be distributed if an agreement can be reached.  

At the time we were distributing about $600 monthly per unit, so he was receiving $1,200 per month.

NW can also be less meaningful for REI purposes if it most of someone’s NW was derived from non-REI activity.

I currently use Innago, which helps me use and distribute applications, lease agreements and roommate policies, collect rent, security deposits, and has an accounting system.

China is no longer the world’s low cost producer and all of those production facilities have to make a move along with the distribution channels.

And have you incorporated an annual, semi or quarterly distribution?

Yes, you can use an attorney to close without using a real estate agent, and they can usually hold the earnest money deposit and distribute funds after closing. 

This means the entire IRA amount is deemed distributed, and an early withdrawal penalty of 10% is applied to the ENTIRE amount of the IRA.