These forums have priceless information and are very active.

That said, since I'm not actively involved in it myself, I may not be the most credible voice on the topic.

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. 

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.

(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.

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. 

However as a huge coincident I got a text yesterday from one of my Real estate partners of the early 80s who lives in the county my family was very active in . and he said HEY you have overages on one of your moms lots  LOL.. so going to contact the county today and see how this works as she has since passed .. 

What are your favorite property management software systems of 2024?

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