Don't forget 1.5 year of holding time is generating about 60-70k in positive cashflow which gets distributed quarterly.

Meanwhile, the salary plus the distribution from the S Corp should form the basis of your income anyway... 

Of course tenant attorney says there is no cause, tenant pays and there is no merit to the termination.Termination letter served (sent by PM 90 days prior that puts end date at 2/29/2024) is based on a lease paragraph stating tenant did not abide by lease regarding “agrees no drugs or other illegal substances will be used, manufactured, sold, or distributed, on, or from the property.”

Here you divide the dollars distributed in a given year by the dollars committed during that year (or month, week or whatever).

Yeah I want to expand my portfolio to more non-STRs but want to know if I reach the hour requirements in my non-STR portfolio, would being self employed, paying myself a W2 salary (but most of my income is from shareholder distributions be an issue? 

@Scott Trench  is correct on current sentiment when it comes to syndicated apartment deals one just has to look at the threads on BP where investors are complaining about halted distributions and so on and so forth.

Derivation section.I can and have created my own General warranty deeds too.

I have been trying to reach out to local wholesalers to get on their distribution lists but haven't had much success.

Luckily, I’m not dependent on distributions.

This is typical for real estate transactions involving an SDIRA.UBIT and Debt-Financed Income: The Internal Revenue Code imposes UBIT on income derived from debt-financed property.