@Alexa Martinelli once you own your properties in an LLC you have to take "distributions" from your LLC. This is essentially writing yourself a check if you are the owner of the LLC, and it is the equivalent of your job paying you. If you own properties in a partnership, it is fairly common to do quarterly distributions, not monthly distributions. From a tax perspective, the distributions are jut one of the events that happen during the year. You would be logging all the other expenses that you write off as a business owner.
@Alexa Martinelli the short answer is no. Real estate is considered passive income, which is taxed much more favorably. Beyond that, I can't give you much insight as I am not a tax attorney. Do you have a good CPA you can talk to? Most of my rental properties do not even move the needle for me at tax time due to depreciation. A lot of this has to do with building values, etc, but depreciation is still an incredible tax shelter.