10) volume and type of transactions (acquisitions / sales / 1031 / drop and swap / contributed/distributed property in a partnership)

@Austin Latty - owner contributions won't pierce the corporate veil, neither will owner distributions.

It’s these deals that are pausing distributions, stopping distributions, issuing capital calls or got forbid losing them in foreclosure. 

Its a little more complicated as you have to have a plan for what work will be done and you have to find a contractor willing to do this work under the payment distribution plan of the FHA 203k loan which will release money according to progress reports.Also, in order to qualify for the loan the appraised value of the after repair home must be equal to or above the loan for the home and the remodel. 

Good Morning,I am trying to figure out this distribution to avoid future fights.

Definitely don't recommend doing an early distribution and paying the taxes and penalties. 

You have 4 kitchens, at least 4 bathrooms, more roof, walls, flooring, exterior, windows, and appliances   You need to place replacement cost and expected remaking lifetime on each item to derive a more accurate maintenance/cap ex.

@April VanCleve - For my rentals, I tend to set aside 3-6 months of overhead in the bank for each property prior to start issuing distributions / cash flow.

The awesome tenant you find for the house is paying for the PM, the maintenance reserve, the CAPEX reserve and the vacancy reserve and you will then send your brother what's left of the rent as the owner distribution.

I reviewed  our operating agreement and it does state distributions would be paid out equally- so I believe I have the answer.This has been a useful thought exercise for my planning purposes for 2024.