However, it is best to have a conversation with an accountant before doing so.Furthermore, in practice, I seen LLC's issue a distribution around March of every year to its members to pay for taxes. 

Good read with practical steps. 

Rental Property Investor from Jacksonville, FLPREVIOUS POSTWhy I sold Cleveland.If you're a real estate podcast junkie like me, you definitely have noticed the clear shift towards real estate syndication in the multi-family space over the last couple of years especially.As deals became harder to find in single family and smaller multis across much of the desirable markets,the allure of pooling investor funds to acquire larger assets became a sort of self-fulfilling prophecy.Books that were mostly hurriedly written flooded the market pimping the upsides of this strategy.The argument for was simple and convincing:it is better to own 1% of a large deal than 0% of no deal.Personally,I could not help but notice that the popularity of the idea coincided with the rise of real estate crowdfunding.The likes of Realty Shares and Realty Mogul raised a bajillion dollars practically overnight making it very easy for everyday real estate aficionados to own small bites of a mega deal in rural Tennessee at the click of a mouse.A few of my friends experimented with the crowd-funding route, tossing $5000 into this debt offer and $10,000 into that equity offering.These punts yielded mixed results anecdotally, as an equal number seemed to have great experiences to share as did absolute nightmares.To be fair, no real estate niche is 100% fail-safe or iron clad.Money has been lost in a large single family portfolio as well as a personally purchased medium sized apartment complex.It is also certainly true that in the end, every investor will run out of money to invest in more properties if they decide to go it alone trying to rapidly scale up their portfolio, and real estate is most assuredly a team sport at all levels.

Another option is using professional property management to make remote ownership more practical.

Mencarow Offers a practical blueprint for evaluating, creating, and managing real estate notes. 3.

Before retiring from work as an attorney, I lived and practiced law in the West Texas area for over 40 years.

In the meantime, start practicing by looking at properties, analyzing ARVs, rents, and market trends, and getting familiar with the neighborhoods and overall layout of Memphis so you truly understand what you’re getting into.

You technically don’t need to give notice to enter common areas since those aren’t part of the tenant’s leased premises, but it’s still best practice to give a heads-up if you’ll be doing something disruptive (repairs, inspections, etc.).If tenants are using common spaces for personal storage or plugging in appliances, that’s definitely something you should address.

Quote from @Levonte Wilson: Hi everyone,I’m a new to real estate currently learning the ropes and trying to understand how creative financing actually works in practice.

It is usually not practical in part because of what you bring up but also the amount of time it can take to get financing can be longer than the time to close.