Thanks in advance!

If the partners agree to specially allocate one item (for example, capital gains) 80/20 for economic purposes per SEE safe harbor, the corresponding tax amounts must also be allocated 80/20.However, IRS has a framework that can reallocate the partnership items based on the “ partner's interest in the partnership” if IRS determines the method of sharing the partnership items lacks the “Substantial Economic effect” (SEE) To meet the SEE, there are strict rules to maintain meaningful capital accounts including Deficit Makeup Requirement for those accounts.With the requirement, the partner must at some point contribute sufficient capital to eliminate the deficit, and the partner has the burden of the loss that partnership has and the allocation of the partnership will be respected by the IRS.This is a very high-level summary of the rules and is not comprehensive. there are many exceptions as well.Since the substantial economic effect, safe harbor allocation rules are complex and requires considerable additional recordkeeping, it's easier to follow PIP standard. 

I was already pro and upgraded to pay a year in advance instead of monthly.

It is also great that you are using BP and other sources for learning and researching methods and techniques for investing in real estate; definitely keep that up.

Thanks for reading and thanks in advance for any responses.

I know these questions have been asked over and over again in these forums so I apologize in advance for the redundancies.Looking forward to connecting and leveraging knowledge with all of you!

Thanks in advance!

Thanks in advance for any help! 

Thanks in advance. 

The tenant paid two months rent in advance so he is technically paid through the end of December.