So if you imagine the duplex is completely rented out at current market rates, that's where you should derive your cash flow number from.

Partnerships can get a bit messy:Partnerships need to have contributions between two or more people, sharing in profits and losses Partnerships are passthrough: they dont pay tax, the owners do via the schedule k1 then on the 1040The amount on the k1 is not necessarily a distribution.

I distributed the property in 2020 as a CARES act withdrawal.

If they have a section that talks about use cases for the laws read the heck out of them because test questions likely are derived from these cases.Otherwise, just know the math.

I come from a data science background, so I'm accustomed to creating models to derive the incremental ROI of each variable.I hear some people saying "get the $10,000 hot tub", and I get that, especially if it's a "table stake" that your property needs just to be considered by guests.However, when thinking about less standard amenities, like putting greens, gaming rooms, billiard tables, pool toys, etc. what tools or methods do y'all use to evaluate if a given idea will deliver a positive ROI?

The income generated from these properties is then distributed to shareholders in the form of dividends.

If you get into more complex investment strategies where cash flows are not evenly distributed, then you’ll need IRR.

I'm in an industrial heavy market I'd look at that first and distribution markets.

Does the property distributed retain its tax attributes in the hands of the partners post-distribution? 

That's the crux of it.But if you have multiple properties and losses from the prior year, the distribution of what is allowed and what is suspended between multiple properties is not intuitive.