The deal has produced 1 single distribution in that time and now they have both stopped updating the LP's on the deal and have not had an updates this year.

@Joe WoodThe distribution from the IRA to yourself is a taxable event.

Also at the end of the fiscal year we typically take out an owners distribution based on how much money is still in the account and what our upcoming goals are regarding new expenses.

-When the time comes to pay back my father, will we be able to distribute proceeds from the sale/refi as we see fit?

Read up on recent syndicator results here (paused distributions, captial calls, lost principal) before altering course.

., and which will distribute 50% profits to each of the underlying LLCs that own it. 2) We each put our 50% undivided interest into separate LLCs, then create another LLC, of which we are both members.

The beneficiary must distribute the entire IRA in 10 years. 

However, in recent years, I've seen this used as a methodology of raising money to buy low barrier of entry real estate and make sponsors very wealthy collecting fees while leaving the LP's with nothing but capital calls and suspended distributions.

Simply, a percentage of the profits; so only AFTER the investors get their investment back + a “preferred” return of usually 6-8% annually.Here is how our equity (as opposed to our debt/loan/notes) syndications are set upwe as syndicators get a either a 3% broker fee or 3% acquisition fee at purchasewe get a management fee competitive with outside managementwe get 10% of gross rents as ASSET management feeonce investment is liquidated we receive 15% of proceeds ABOVE or AFTER investors receive their capital returned plus 10% annual calculated income including any distributions of earnings. 

It's sometimes called "America's Distribution Center."