It doesn’t matter when they are paid.

It's all a matter of if you are going to do the work wherever you land your ship.

Our income tax return will be married filing jointly, so it doesn't matter for us if he gets 75% and I get 25% or I get 100% and he gets 0, but does it matter as far as the tax return for the LLC is concerned?

Sure, national trends matter, but Philadelphia in particular is one of the most block by block investment areas I've ever seen.

How important is it to have an on-site management (it would be around 150 units facility, if that matters, with a few temperature controlled units) ?

@Andrea LaneLike you said due diligence matters across any and all RE routes, great points on the tenant-landlord state laws as well as taxes, definitely need to do a little more research on those fronts but will reach out with questions!

Of course the property and situation matters, but overall I’ve found that what really matters is the interaction you have with these distressed sellers.

No matter who the vendor is, the property manager has to stay on top of them and ensure the work gets done on a reasonable schedule.

After restoring possession I called the number of the servicer left behind by the preservation company and explained my belief they had hired a company to illegally break and enter my property and I had reported the matter to the authorities. 

But sounds like, no matter who has the loan, expense and income ties with ownership.