It's slower than I'd like to go at times, but I'm just leery of leveraging on a asset that is not a necessity and that I derive no benefit from other than cash flow.

Actual distributions are irrelevant.OTOH, a C-corporation has to pay its own taxes on its earnings.

You want to distribute communication to them quarterly that you control and not have them interacting together too much ideally as the promoter.

Smaller notes provides diversification and maturity distributions over time, doing a half million on one deal and holding it is not my in my comfort zone, even though it could take less attention than 3 or 4 other deals.

I am merely deriving those values on price/sq ft from some simple math based on purchase prices in the last 18 months.

You can create a taxable distribution if you refinance and distribute cash.

Probate is a legal process to: 1) Create an inventory of property contained within the estate, 2) Comply with the last will & testament of the deceased regarding the distribution of property to the appropriate heirs, and 3) Transfer titles & deeds of property into the new owner name(s) When that process is completed, the property will be titled in a way that the living heir(s) will be able to execute a standard real estate sales contract.

I need to know if money was improperly distributed and if I can take legal action. 

Your newsletter can be a one page, once a month email distribution that shares education on MF investing, your past deals progress, etc.  

What is different is the ability to invest in anything the IRS rules allow for, rather than just what Wall St. sells.Title to the property will be in the name of the IRA.All expenses associated with the acquisition and maintenance of the property must come from IRA funds.All profits accrue to the IRA.The inheritor(s) of your IRA may continue investing in real estate or liquidate those investments and invest differently or distribute the funds.That is the really high level view.