I requested a partial redemption on March 23.

They're reporting gross income of $43k from April 2022 - March 2023. 

It doesn't seem like warfare at all, where you have two knights face off, put soldiers on line marching toward the battle line or sending jet fighters into enemy airspace.

I'm trying to find the right deal as Exxon is moving in March 2015.

@Wayne Brooks this is one of the reasons I chose to do a lease with an option. depending on the type of financing I get, those numbers, as they currently stand, might not work for me either. the ferry to downtown Vancouver is slated to start in march of next year.

looking to invest in Los Angeles flips but prefer buy and hold I will be visiting in March to start my search and moving buy Dec of this year any good advice and tips are welcomed 

We are trying to evict them now (they said they will be out on March 5th, but we'll see how that goes.)

The first one I bought was in March of 2008 and have not had one day of vacancy since. 

This will be a liability account called "Unearned Profit Distributions" or something like that.Then, at the end of the year, when the actual taxable profits of the child LLC are finally known, you make one journal entry to debit that liability account and credit a revenue account for only what is being reported to you on the K-1.So the books for the parent company will look like this:January thru Dec, monthly entry:Cash - Debit $100Unearned Profit Distributions - credit $100.So on December 30, you have $1200 in the cash account and a $1200 balance in Unearned Profit Distributions (the liability account).Then, in March when you get your K-1, you find out that your taxable profits (maybe due to depreciation or whatever) were only $1000.So on 12/31, you do the following journal entry:Unearned Profit Distributions - Debit $1200.00 (to zero the account out for the year)Member Draws (an equity account in the parent company) - Credit $200.00 (This will be the difference between what you drew and what is reported as income from the K-1)Revenue from Child LLC - Credit $1000.00 (This should match the K-1)When doing your tax return for the parent, you won't really do it on form 1065 of the partnership, you'll just report all of the child K-1s on form 8825, line 20.

The next Mogul Mastermind is Wednesday, March 29th.