The income distribution is roughly 60/40 between us.

I understand that a corporation can be general partner in an LLP but is it possible to have the property by on the books of the corporation and issue distributions to the investors through the corporation?

In any event, get them both to sign a simple document about how the money is to be distributed if an agreement can be reached.  

At the time we were distributing about $600 monthly per unit, so he was receiving $1,200 per month.

If you think yours is going into the sanitary sewer connected to the toilet, that's a lot of water to put into that system quickly, you might want to do the same listening technique that I did.

I currently use Innago, which helps me use and distribute applications, lease agreements and roommate policies, collect rent, security deposits, and has an accounting system.

But beyond that we used many techniques that nowadays are either seldom used or totally misused by the undercapitalized, poorly educated and totally naive disciples of irresponsible “gurus”. 

China is no longer the world’s low cost producer and all of those production facilities have to make a move along with the distribution channels.

And have you incorporated an annual, semi or quarterly distribution?

:)now, here's something... when we bought our house 13 yrs ago i knew nothing about remodeling. so when taking the wall paper off on one wall, 4 layers of wallpaper came off and some of the plaster. had no idea how to patch it, so we bought a bhear texture paint in a can that you apply with a special roller. and then we painted on top, so the bumps are smooth.so now, we have one accent wall in the house that's texture and everyone that walks in thinks it looks like art because we added some shapes that do not have the texture. even plasterers have commented on stealing that technique.. :)