That leaves me $300 as income.Does anyone have a recommendation for a piece of software, or simply a book keeping technique that would allow me to keep track of how many dollars in my one account are allocated for maintenances, taxes, insurance and “income”?

How to allocate? 

A broker/agent has to make a split decision on where to allocate time to generate revenue for their career and which potential clients will lead to a closing.They have 2 calls come in with a hot market.

Sub S corps are better for actively managed operating businesses where you can allocate some revenue between payroll taxable compensation and business profit (no payroll tax).

@Daniel Reitz 1. set your asset allocation to achieve your financial goals with the minimum possible risk2. minimize your tax burden to the greatest extent possible3. diversify your portfolio across multiple asset classes consistent with your financial goals4. never stop learning

That said, you can always your own water meters for each meter and manually allocate the bill.

Most find it more  difficult figuring out how to best allocate their time to allocate the knowledge to get started.Good places to start include copious amounts of reading, listening to podcasts, meeting people and building your network.

The allocation of profits/losses must be allocated that is described in the operating agreement.If the operating agreement mentions each member gets 33% - then each member will get an equal 33% of the income/losses.Partnership returns were due March 15 unless you filed an extension of time to file the return.While Texas does not have a state income tax - they do have a Texas LLC tax return requirement.Rental income/losses is not subject to FICA Tax so it does not matter if you are above the social security base.

@Tyler Shoaf out of curiosity, what is the importance of the "100% of their time listing properties" As long as they get the job done as promised does it matter how they allocate their time? 

If you would rather not put the money into the LLC account (or don't have time for the transferred money to show up), we have had success by showing proof of funds from personal accounts, along with a letter indicating that X dollars are being allocated to the purchase of a house for the LLC.