I want to be able to have multiple family members own the property, but what I want to avoid is a partial owner trying to force the sale at market value without unanimous agreement from shareholders.

I have income coming in from: An S-Corp with other shareholders that is a service-based businessAn S-Corp with other shareholder that is a manufacturing businessAn S-Corp owned 100% by me that earns income through business consultingA single member LLC that I use to hold all my real estate investments, both hard real estate as well as passive investments in syndications and fundsA partnership where I am currently a LP but likely to transition to a GP over time (family partnership).

On another note I am a shareholder in a company that bought a commercial property. 

Sometimes its not terrible if you are the sole-owner and don't use financing but most rental properties carry financing that won't provide basis to the shareholder whereas a partnership does provide basis for 3rd party debt so long as it is recourse (or qualified nonrecourse). 

The problem: Any business person (or attorney) knows that C-Corporations don't have "members", they have "shareholders" (LLCs have "members")... 

Remember, Banks have to answer to their Shareholders, and one of the ways they have of "proving" they're trying hard to get top dollar is to ALWAYS list through an Agent.And there's no prize for guessing what Agents MUST try to accomplish! 

As for Taxation, an LLC (Limited Liability Company) and an S-Corp are taxed differently and avoid the double-taxation that is a classical drawback of the C-Corp which incurs tax at both the corporate, and shareholder levels (when a dividend is paid out).

I am shareholders of small RE investment group and as we expand, we are in need of more expert advice.

Under SPECIAL RULES, (f)(1)(A)(iii) of the bill: "...partner’s or shareholder’s allocable share of the unadjusted basis immediately after acquisition of qualified property shall be determined in the same manner as the partner’s or shareholder’s allocable share of depreciation.

Note: I am the general partner and also the largest shareholder in excess of 80%.I also have a non R/E related full-time position that generates over 150K annually.