Dwellings that are unfit for human habitation are provided only three days to comply.Change the requirement that the City mail notice to the “last known address,” to instead, the property address and the tax address, and provide that the time notification period begins to run on the earlier of: five business days from the date of mailing; the date of actual delivery; or the date the notice is posted.Change the appeal fee charged to citizens who choose to challenge a citation from a non-refundable $50 to a refundable fee if the appeal is successful.Change the time in which a person may appeal a citation from 10 business days to 20 calendar days.Amend the code to require distribution of housing and rental program information by the City to owner occupants and tenants during all inspections.Amend the code to require quarterly reports to City Council providing the results of rental inspections and other information the L&I Commissioner determines should be included."

Note that this is different than how courts see an LLC (which is why forming an LLC is more of an asset protection strategy than a tax strategy).If you were to "pay yourself" in the sense of just taking a monthly distribution from your LLC's bank account into your personal bank account to compensate yourself for time spent, that generally would not cause a tax impact.

All they ask for is equity appreciation down the line and would love not to have any annual distributions to pay taxes on. 

Thus pass-through corporations like REITs and REMICs would not distribute qualified dividends, and the dividends from those entities would be taxed at the ordinary income rates.From wikipedia on UNEARNED INCOME:As defined by the American Social Security Administration, unearned income is all income that is not earned from one's job or from one's business.

If you take a distribution is it taxed?

Hope all of it makes sense, if it doesn't when you're reading this, get in the software and it should.As far as having the 3 owners listed in  Buildium - It really shouldn't affect anything books wise -- at the end of the year, just create the income report for only owner "123 Street LLC" -- then you or your accountant can complete your taxes in that entity and distribute your K1's to holding LLC's 1&2 -- Hope that makes sense - maybe someone else will chime in that's a Buildium user, but that's how I'd do it.  

DIYers often don't realize that roof structures are engineered in a specific way to distribute load.

I was unsure what the distributions should typically be for these investors - many of them only make 3-4% on their money now. 

AS well I was the largest hard money lender in the state at the time so I was there almost every 60 days.However I did get audited by IRS because of Go ZOne elections and it only lasted 15 miutes. they wanted proof that I derived the majority of my income through RE ... which of course I did..

I own the property where the power is being distributed.