You also might write in that your equity contribution be received back prior to distributions.

It is the state's capitol, the county seat, contains a regional VA, and has much in the way of manufacturing/warehousing/distribution centers.

because the distribution of 30-40% of the money is owned by the top 20%.

Will the trust take all the expenses and depreciation deductions of the rental properties on it's tax return and then just distribute net income to the beneficiaries having them pay taxes on the net income on their K1?

I took an early distribution a couple of years ago and put 100% of it into real estate.

.- while you can use leverage with some more expensive non recourse loan, you will have to pay UDFI taxes- when in retirement you will have to take Required Minimum Distribution, if your property does not cash flow enough, you may have to sell it to get liquidity to pay this RMD

Some investments are capable of distributing cash flow along the way and some will require you wait till the asset is sold before you get your share.

Generally the deceased member's shares will be distributed to the beneficiaries via the estate. 

These pay anywhere from 3-7% annualized cash distributions, often paid monthly, and offer growth on your invested capital upon closure of the fund, usually 5-10 years hold period. 

Purchase price: $1,400,000 Cash invested: $400,000 Financial Highlights:Purchase Price: $1,400,000Price Per Door: $58,333All Units: 3 bed/1 bathAverage Rents: $700/mthMarket Rents: $1,100/mthRenovation Budget: $240,000Refinance End of Year 3 or soonerAfter Repair Value End of Year 3: $2,426,000Value Per Door: $101,000Valuation at Year 10: $3,630,000 (5% appreciation)New Loan: $1,819,000 (75% LTV @ 6%)Net Proceeds: $454,500Initial Capital Invested: $400,000Remaining Equity: $606,500Ongoing Cashflow Years 4+: $70,000/year approxQuarterly Distributions Starting Q4 Year 1Additional Details:Strong cashflow year 1-3 before refinancingAll invested capital repaid to the investor by the end of year 3Reno costs provided by LenderStrong boots on the ground team in placeLandlord-friendly marketTotal Raise: $400,000Minimum Investment: $50,000GP/LP StructurePartnership AgreementBuilding Specifics:Number of Units: 24 unitsBuilding Size: 33,393 sq. ft.Unit Mix: (24) 3-bed, 1-bathFor more information, visit www.venturecocapital.com.