If you then needed monthly cash flow from that investment, it would be a distribution from the IRA and taxes and penalties apply.

Excellent monthly communication and I've received distributions each month in line with projections. 

In other words, over a 5 year period, the investor will have received a total of $40,000 in cash flow distributions.

I am partnering with a contractor buddy to fix and flip, how should we distribute the partnership?

@April VanCleve - For my rentals, I tend to set aside 3-6 months of overhead in the bank for each property prior to start issuing distributions / cash flow.

Inherited are post-probate, hence distributed via PR's deed, court order or Affidavit.

Commercial real estate lenders calculate interest on loans in three ways:✔️ 30/360✔️ Actual/365 (aka 365/365)✔️ Actual/360 (aka 365/360)Real estate underwriters should be aware of these 3 methods and understand which calculation the lender is using.The differences can have a significant impact on the amount of interest paid over the life of the loan.Similarly, it can also have an impact on the amount of cash flow that is available to be distributed to your investors.

How would the bank derive new valuation?

The included free takeaways from basic investor distributions and syndications , to more complex waterfall models — the proprietary spreadsheets are worth the admission price alone. https://go.theriversideexperience.com/monsey-multifamily-program?

Maybe there are other markets like this (in fact, we have another one in FL and one in the Smokey mountains like this but with higher occupancy by choice) but unless the investor goal includes deriving personal value from one’s STR property, raw data looks and feels  different.