I have a finance degree and on took courses in real estate taxation, and still use a preparer to double check what I did, have him sign off on my returns as preparer.

. - so to summarize: 15% federal capital gains tax, 8.97% NJ state tax, 1% realty transfer tax, depreciation recapture and whatever other costs for closing.https://www.nj.gov/treasury/taxation/documents/pdf/guides/Bu...

If yes, does this affect taxation of distributions?

New set of taxation laws to understand.4.  

Thumbs up for having good understanding of taxation to get suspicious.

She said that there are very few variables that can play out which could prompt small adjustments to this rule, such as small adjustments to meet quarterly rollouts, but she said that this system is still very much at play and hasn't changed since she's been managing Pemco. 

I get quarterly cashflow, periodic large distributions from their refinance, and appreciating equity.

I get my properties sprayed for quests quarterly.

The LLC has no impact on the effective tax rates.Also if you acquire a property for the purpose of flipping, that will always be Ordinary Income, also likely subject to self-employment taxes.That particular sales event has no impact on the taxation of your normal rental income from other properties. 

when I used to chase my land and Timber deals  ( albeit very narrow niche) we called every quarter until the Trees had been logged.Or property was bought by a large Timber concern.