Let us know what kind of response you get.

. - Revamp my 2 web sites.     

I wouldn't allow pets because some people just are not responsible pet owners, and rather than you find out after a move out, best to just now allow it, unless you allow caged animals.

Just transferring the ownership of the home to an LLC won't change who is responsible for the mortgage. 

Make it clear that he is responsible for insuring the rent is in your hands no later than midnight on the first of each month for the entire monthly rental fee.

Your applicant is responsible for providing all required information.

That would be the responsible thing to do. 

Who is responsible for making those payments? 

Thank you for your response!

I read everything I could on BiggerPockets on syndications (including such articles as "The Compelling Tax Benefits of Real Estate Syndication") and searched on the wide web and nothing even hints at how a cash distribution (what I often hear referred to as a "dividend") is anything but taxable income like you'd get on a 1099-INT or 1099-DIV.So what is a distribution if it's so independent of the taxable income?