To give you a bit of background, I know very little about bookkeeping beyond managing my budget for the last three decades (ugh), so this is all pretty new to me.Here’s my current setup:I’ve had a property management company using AppFolio to handle the heavy lifting – rent collection, owner distributions, expenses, and the whole shebang.

This would offset some of your payment and when you move out you'll have risk distribution from multiple tenants.

Do you have a note, you can discontinue distributions as an example?

J, came across this post from last year and for the first time I am running into a project that significantly overlaps tax years.I use your CoA for Quickbooks and your general Cogs accounting technique.  

Real Estate “Enhanced ROI” TechniquesSummary of advanced techniques used in real estate transactions to enhance return on investment, yield and velocity of capital resulting in greater wealth1.

I'm worried, I was told to wait 6 months for distributions and we are now heading into May and $0 has been distributed.

But after 50 years in the trenches and owning a HML company for many years I do have more than a passing knowledge on a lot of real estate techniques..

They would label them as bad if they paused distributions or issued a capital call.  

or, can I just pay the company and keep the income in the company and then pay the shareholders (me), dividends, or the owners (me) distributions?

With that being said, I feel that with this being a side gig for me, because I still have a career in distribution and sales, I am a bit overwhelmed with the paper flow.