Simple and fair.First month received that $200 and was distributed as above, Everybody happy.

Decades upon decades of consistent performance and distributions. 

You should have discretion over how ownership and profit distributions are governed.A strong CPA or attorney should be able to cover most of this.

I knew I needed a property with meat on the bone if I was going to make a good start; even if the meat on the bone was a derivative of a bit of sweat equity.

I knew I needed a property with meat on the bone if I was going to make a good start; even if the meat on the bone was a derivative of a bit of sweat equity.

Generally speaking an investor collects rental income and signs a lease with a tenant whereas a flipper or developer shows "inventory held for sale" on their books and gets all of their economics derived from a SALE.

Kory, so if I understand, create trace from HELOC distributions and tie to airbnb activity via receipts or documented transactions for that activity.Example: bought land with HELOC - show date, purchase price, location, account for other HELOC proceeds in similar fashion?

The distributions are nowhere near high enough to tying up principal in perpetuity. 

At the end of the year we also take a distribution from the funds left in the account.

More standard income variations are: asset depletion (using reserve distributions as the proposed income) or average personal or business bank statement deposits over a 12-24-36 month period.