Looking forward to learning more.Grant to answer your question, the only reason to keep a property that just barely breaks even is for the long term hold, hopefully have it paid for by renters and when I retire its paid off.

I haven't been able to come across the answers on the Intuit and IRS websites yet.Thanks,David

After everything on my end was completed, I asked when I would get paid, no answer.

(obviously my mistake) So 2nd time almost identical issue, on the 5th tenant came by after hrs with no phone call or acknowledgement that they had left payment except this time we saw the car leaving so i called (of course no answer) but left a very stern and detailed message about how this was not acceptable and no longer will be tolerated. 

@Ryan Saeger, the answer is Yes!

Harsh Singh Short answer is that the 50% rule should cover everything but debt service and profit.

@Omar Khan @Nicole A. thank you for answering!

@Alan Rohrer you answered some of the questions I had in mind after Ashish's response.Interesting to know that I can make a contribution and take back that same amount as a distribution from the LLC without a tax implication. 

. , CPAs buy access to Tax Research services, and we find our research and answeres there. 

Answer those questions and you may have an idea to start.