C-corp as a real estate professional?

[Doug Wilkes]

Can your c-corp qualify for real estate professional status?  

The company is owned by two S-Corps and taxed as partnership, S-Corps owned by entrepreneurs in other endeavors and can not qualify for Real Estate Professional Status.  We are in the 75 day window to change our status, have three flips going with a projected $100k profit (active income).  We would really like to buy a rental all cash with proceeds, but all the taxes on the active income is around 46% after fed, state, and self employment taxes. 

from IRS.gov:

Closely held corporations.

A closely held corporation can qualify as a real estate professional if more than 50% of the gross receipts for its tax year came from real property trades or businesses in which it materially participated.