It doesn't seem like much but you see how big banks have gotten off of this one technique for years. 

Brian and I talked about purchasing the property outright (even though, but almost because, it was a family deal), joint-venture purchases, lease purchases, and many other techniques for acquisitions.

So all I'm really doing is reconciling distributions against the statements. 

I'd do the same type of technique to raise it up and see if the footing are sufficient.. something  failed or was not properly done to begin with so the issue is within the foundation footings.. 

When you die the outstanding loan will be offset against cash value and whatever is left is distributed to the beneficiaries.

You can not use the property while it is owned by the retirement account, the only way for you to enjoy the property is to remove it from the 401k by taking in-kind distribution. 

I've read that you can take a property as a distribution and then live in it in retirement.How is that valuated at the time it's taken as a distribution?  

the reasons we use LLC's is there can be uneven distribution.. % ownership has no bearing on dispensation of P and L..the P and L question should be spelled out in your operating agreement.. like you posted above you ge 10% of profit or loss and the other partners get 45% .. if that's the agreement then makes no matter who owns what % of the LLC>  even if its not in writing and you guys agreed to it verbally then your not entitle to 33% since your third owner of LLC.. just take your 10% be happy your making some money.. save your money far to unimportant to go running to an attorney.. unless your partners are trying to totally stiff you can pay you nothing.

I have done both of these techniques multiple times.

How long have you gotten away with this technique?