Quote from @Jeff Fortuna: There are no distributions.

She lives in Florida.She's filed the ancillary docs in SC (was not done until after closing was supposed to happen) but my attorney said that she'll need to be appointed the PR here in SC locally and do a deed of distribution from Clarence to the heirs.The property also needs a survey/recorded plat, may need quiet title as the plat that she has was not recorded and doesn't reflect the current tax map on the GIS. 

it would be interesting to see the distribution between them..

You could do a 60 day rollover to access the funds but must be put back before the 60 days or it’ll be a distribution.

Not to mention the insanely high distributions.

I understand your frustration with the current freeze on redemptions/distributions.

This avoids confusion or conflict down the line.Open a separate LLC bank account for all rental income, expenses, and distributions.

I've lost count of the number of RAD investors who posted in the BiggerPockets forums about their "hard money loans" and then having their distributions "frozen".

@Brad Kanouse,I believe this is a duplicate of this post:https://www.biggerpockets.com/forums/311/topics/1210256-usin...But regardless, here is my answer:If you take a distribution from an IRA - it will be subject to taxes and penalties.You can convert your IRA into a "Self-directed IRA" and have the IRA buy the property, in this case you are not the owner, the IRA is.

The distributions will likely be taxed as ordinary income, but Allianz can confirm exactly how much of each distribution is taxable based on how the contract was set up.If you want help interpreting the contract or tax implications once you get more info, feel free to reach out.