The distributions and allocations on your K1 will dictate what is attributed to you. 

I'm assuming if its a full build out it ran in the area of $600K +/- depending on size....odd to think it got built out without a lease or other commitment from someone.Ultimately in my world (retail medicine) it comes down to the physical location and attributes as it relates to the surrounding demographics and populations. 

Hey Barbara, I have a property manager I can recommend for the LAIC service.

The current one lasted 8 years and needs to be replaced (as per what our property manager is saying)I heard front loaders could leak, so I typically only do top loaders for rentals.

I was delighted with their service and be happy to do a introduction for you to my contact manager (I am not associated with the company nor do I receive a referral fee).No business cards but line of credit yes.Revolving LOC? 

Yes, Rent Manager is overkill if you have outside/professional property management.

My mom actually happens to be a property manager. I

the cash flow you are referring to, are you attributing that to the $900 difference between the PITI and the gross rents?

The IRS doesn't trust you to report accurate information, so the 1099 from the property manager is checked against your filing.Any company that does more than $600 in business with you should issue a 1099.

@Venka Pulla It’s frustrating when a property manager isn’t meeting expectations, but transitioning to a new property manager is typically straightforward if you follow a few steps:Review the Management Agreement: Carefully read your current Property Management Agreement (PMA) to understand the termination process, including any required notice period.