Tenants save money when using a shared meter, so there's plenty of room for error when calculating how to distribute the charges.

The Joint Venture spells out responsibilities and how profits will be distributed.  

So I was playing around the data and created a simple interactive map for housing market data visualization by counties across the US, like home prices distribution, mean days on market, listings number, etc. 

There is another on going thread about how many of them have stopped their distributions as they are running into cashflow troubles.So, keep researching and learning! 

It pays for the water, sewer, taxes, and provides us with a small cash flow distribution each year.

Then, you distribute the $1m of proceeds - you have distributed $100k more than you have basis ($900k less the $1m) - you recognize $100k of capital gain for distributions in excess of basis. 

not enough information to give you an accurate quote.the only thing we can derive out of this post is $300 in materials and 5k labor something isn't right.

@Mark Nolan If you are self employed and open a solo 401k, does it make sense to transfer the money that is in a SDIRA to a solo 401k in terms of tax implication during distribution in the future?

Software used for maintaining property financials is intuitive and distributions are made timely on a monthly basis.

How will profits be distributed?