Quote from @Erika Albert: Perhaps I am overthinking this, but I'm wondering how to properly account for airbnb's new 15.5% service fee in proformas derived from airdna revenue estimates. 

You make distributions to yourself as often as you want, or use the cash flow to build up the reserve account even higher if you want.

If I ever co-broker, it’s clean and capped — and I’m not a fan of borrowers paying inflated fees because of someone’s distribution chain.At the end of the day, capital only works when there’s clarity and follow-through.

IRS Safe Harbor Explanations Expanded for Rollover & RMD RulesWhat changed:The IRS published Notice 2026-13, expanding “safe harbor” rollover explanations that plan administrators can use to comply with distribution communication requirements.

Some use a per-door target plus a CapEx reserve that grows in the early years instead of distributing everything.

I state exactly how I derive my conclusion for anyone to verify.  

@Megan Samar, You could take a distribution from your 401k but not advisable if it's going to cause taxes/penalties.

Yes, but only if the seller and buyer in the exchange are the same taxpayer.In practice that means:She must be the owner of the relinquished property when it sells (or the estate must be the exchanger if the estate is selling it before distribution).The 1031 has to be set up before closing with a qualified intermediary.

Depending upon the details of the case, the Court will issue an order that provides the specific distribution of funds that are obtained at a sale.

Given the current real estate market conditions, including foreclosures and halted distributions by firms like Ashcroft Capital which has been covered by the WSJ—( Link), Fox Financials’ guaranteed returns seem implausible.