@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.

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

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.

Next money is paid into court for the judge to decide how it should be distributed among the people claiming to have redemption rights.

Look at all your payment options and if the 401K distribution is the only way, I would consider it.A lot of people will warn you aganst it. 

Corp tax rate is 21% (although second tax on dividend distributions can undo any tax savings or even end up as a tax penalty).  

Thank you all for the helpful advice we have decided to go with a 45/55 split and evenly distribute cash flow 50/50.

That is why I was asking for a recommendation for a property manager.I understand that I will still need to work with the property manager, and I am fine with that level of involvement.As for REITs (like VNQ), I find them tax-inefficient because they’re required to distribute at least 90% of their taxable income.

This can help offset some of the tax impact of the $100k distribution, depending on the details of your situation.For question 2 – When it comes to funding deals using an SDIRA or Solo 401(k), especially involving a note with a relative, there are strict IRS rules regarding disqualified persons and prohibited transactions.

It saves time and keeps everything organized for tax season.Key Metrics to Monitor• Monthly cash flow per property• Expense categories as a percentage of revenue• Occupancy rate and average nightly rate• Net operating income• Owner distributions and reserve levelsPortfolio DashboardingOnce your books are clean and consistent, you can build a Google Data Studio or Excel dashboard using QuickBooks exports to monitor performance across your portfolio.