Just curious if anyone has used Innago in the past to assist with the management of their rentals?

So if the IRS is auditing you for this, they are probably going after you for something else as well. 

The longer you hold the property for rental/investment purposes the easier it is to prove under any audit that you did intent to hold for rental.

It would be split amongst the number of investors and how much each contributed.Is there any software that you have found to assist with distributions especially with multiple investors?

I work a full time job during the week as a Software Engineer, so I only invest part time.

Depending on the software you may be using to collect rent, it usually takes at least one or two business days for the money to be deposited into your bank account.We do not take into account this processing time.

If I get audit when I do my taxes will it cause an issue that the condo not title to the LLC?

I do my adjustments manually because it helps me stay tuned into what's going on (since we have other people handling most day-to-day stuff) but we are looking into some software that would do more dynamic, automatic adjustments.

Any recommendations on software? 

Admittedly, when I bought it I used an estimating software and so far the figures are matching pretty closely.