Hire the very best people you can to advise you based on your exact situation and circumstances and then let them help you implement a solid tax strategy that makes sense for you.Regardless of your position and role, this is without a doubt one of the highest leverage activities that you can do.Remember, it's not just about what you make, it's about what you keep in the end that matters most.

They come to realize  fractional ownership in a semi-active project with far less control is not as advantageous and eliminates the ability to build the more personal and meaningful relationships with lenders that comes with going through the more natural progression of growing a portfolio and business. 

Per our attorneys, when we transfer SDs we require:1) Explicit written directions from owner on where to transfer, including name, mailing address and/or ACH payment info.2) Owner MUST sign a Hold Harmless Agreement, so we will be relieved of all legalities regarding SD after transfer.If an owner refuses to cooperate with our requirements, we will refund the SDs to tenants and send owner proof.Otherwise, we can send to owner of their new PMC.NOTE: we also are concerned about your new PMC allowing you to hold SDs!

(REPS)A real estate professional for tax purposes is someone who materially participates in real estate trades or businesses, spending more than 750 hours a year and over half of their working time on real estate activities.

Are you actively buying while prices are stalled or acting as a PML currently?

I fund a few folks that buy them though ( I am the Money) and a few states activity is back up.   

It costs a little bit of money and it takes a little bit of time, but you will learn a lot (especially if you sign on with the right broker) and then you don't have to worry about the possibility of conducting unlicensed activity.

If there's other activity going on in the s corp then that's a different story of course. 

Talk to them and explain the situation ie you are worried she won't be able to afford the rent on her own and you don't want to add to her stress. 

I have an attorney working on the tax lien but it's still an active lien.