is it distributed over 30 years like a mortgage with a new interest rate?

It is the only entity structure whose rules allow the business owner to take a “reasonable salary” (subject to social security and medicare) and then take the remaining profit (often as much as 50% of the remaining income) out as distributions not subject to self-employment taxes.

Solutions will include 1) using Security Deposit to cover 1-month rent, then have a signed Lease Addendum that the SD will be repaid over remainder of the Lease as a monthly add-on fee, 2) Accept reduced rent payment and distribute the difference over the remainder of the Lease, and 3) if it continues into several months, I will accept whatever payment I can and I will move forward with the eviction documentation but likely hold off on filing until a nationwide plan becomes evident. 

Basically these are derivatives of MBS's (Mortgage Backed Securities) and CDO's, which themselves are derivatives of the mortgages that underlay them. 

The problem in this situation is exacerbated by the following:- There is no distribution mechanism or communication among the HOA or property management with unit owners (i.e. no website, no listserv, or group email).

Especially, if you start doing distributions your investors will become accustomed to the distributions then they stop for a couple quarters to pay for repairs the investors could get frustrated with you. 

A new partnership LLC might have a tougher time getting good terms.In general contributions into and distributions from LLCS in exchange for membership interest are not taxable events. 

Of course, there are syndications out there with reputable sponsors that pay out 10%+ annually distributed monthly.

@Anderson Bigate NogueiraIf it was my money I would invest it in my own fund as it would pay me 11% annually with monthly distributions.

I am thinking I'll set up a separate account and collect rent and pay rent myself into that account, then distribute as needed.