Each partner represents and warrantsthat he/she is acquiring interest in the partnership for his/her own account, for investment, and notwith a view to the sale or distribution thereof.4.

Other than the bank doesn't normally request that alone, it is also important to note that the numbers used in an income approach are often derived from the sales comparison comps, or other sold comps.The income approach section of a duplex appraisal form relies on the Gross Rent Multiplier.

@Ray Li1) You will have to pay regular income tax on distributions unless it is Roth2) Correct, passive income will be sheltered from taxes until distribution. 

In my experience (residential), it is not worth it to try to distribute these costs. 

I also do like the fact that the distributions are monthly.

@Joshua DaviesA lot of wealthy foreign individuals become shareholders in a Corporation who ultimately invests in the partnership fund.example.Joshua Davies, LLC has 2 memebrs in his LLC; Joshua Davies and International Corp, IncThe shareholders in International Corp, Inc. are International Investor 1 and International Investor 2.When money is distributed by the Corporation to the investor - it is no longer rental income; it is dividend income.The Partnership is now not required to withhold or file form 1042 since the member is not a foreign partner.The international investors avoid having to file a US tax return because they are receiving dividend income instead of "rental income"There are some pros/cons associated with this approach.Possibly more administrative costs(registering of corp), filing of corporate tax return etc.however, many foreign investors like this approach.

That said, I have run across syndications that provide for a larger promote if/when all capital contributions have been returned and all accumulated prefs have been distributed...like jumping straight into higher promote splits or using lower accumulated return hurdles on the initial capital contributions for each waterfall (i.e. 70/30 up to 6% cumulative, 60/40 to 10% cumulative, etc.). 

Also, the income does not have to remain in the Corp, it can come out in the form of distributions not subject to SE Tax.In a simplified manner I also agree with Troy regarding partnership taxation and the implementation of SE Tax for all income to all partners, however there are situations where investment partners may not be subject to SE Tax.

Total profit returns are the NET returns after preferred returns are distributed and are determined by the Sponsor/Investor splitAcquisition fees are .5-2% depending on the size of the dealAs it stands now, I think makes more sense to create individual LLCs for my investors because securities laws make the communication, disclosure, and liquidity less efficient, as far as I see...

You can vote to not do any cash distributions.