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. 

Whatever you guys decide to have distributions you could get back his portion until the loan is paid off.

Flower distribution, Power drink distribution, tortilla distribution, small tool distributor, etc. 

You should get on @jasonwagner's distribution list for his Wagner report (google it). 

Yes, this property has been continuously producing (well I set the distribution 🤣) 8% coc and at the end of the year 2021, after building 6 figure capex reserve purely from the cashflow(we needed cuz the bank capex line of credit was almost gone), still had some left over money, so we distributed it as a year end bonus which brought 2021 coc return to closed to 10%.

I already owned a large portfolio, but wanted to learn some non-traditional techniques for acquiring properties.

You change your teaching technique.

I am by no means proposing this, but just as Medicare premiums, Required Minimum Distributions (RMDs) from retirement accounts, and contribution limits for IRA/401k accounts are adjusted for inflation, would it be fair to suggest that rent increases could follow a similar model to ensure that both landlords and tenants are treated equitably?

My umbrella policy is far greater than what most people need and far more costly but it is distributed across all my units and includes a fleet of vehicles and other toys.  

If there is a lien holder they are usually more picky on distributing the money and will often make the check payable to you and the insurance company (jointly) who will then piecemeal the money back to you as repairs are completed.