The only recourse in GA for personal creditors in regards to an LLC, is a charging order against debtors share of distributions from LLC.If one of us were to get sued personally, do you think our LLC "corporate veil" would be pierced and creditors could attach lien to house and property?

Partnerships are not directly taxed, but are required to file form 1065 to report the distributive share of partnership income and expenses.Translation: You add hundreds (maybe thousands) to your cost of tax preparation, and you don't receive any additional tax benefits. 

@Ashish Acharya gave you good advice on the various ways distribution per LLC should be.4) What if we have multiple single families in different states?

For purposes of this Code, a general announcement may be defined as a general telephone canvass or a general mailing or distribution addressed to all prospects in a given geographical area or in a specific profession, business, club, organization, or other classification or group.

This allows them to classify part of their income as salary, which is subject to the self employment tax (15.3%), and the rest as distributions, which are not subject to the SE tax. 

State of Illinois K1 - You don’t have to file an Illinois return and we will withhold your Illinois tax liability (equal to 4.35% of your Illinois income) from the April 10 distribution.

Currently trying to shift through their old management statements.... columns blanked out and cash distributions don't match...accounting nightmare.

However, I would like to be able to collect  money and distribute it to investors in my area; while standing in the middle and taking a mgmt fee.

The flip side is that IRA partners will not be bothered by positive income in other years or by capital gains at sale, while non-IRA partners will.Can you change distribution of gains/losses between partners other than strictly by % of their investment?

I do almost no work in collecting the rent from my management company, I would think $800 a month would pay me $75 per hour for my "management work".From what I understand, long term capital gains give you a 0% tax bracket up until $38,000 income, so I would essentially be recieving $32,000 of tax free income if I paid my self a $6000-6500 salary and received the rest as capital gain distributions?