In a partnership it does. (2) if you distribute property from an S Corp, you will have to pay taxes even if it's to yourself. 

Beyond that, networking with other investors in the mobile home park space could open up some doors for partnerships or additional funding ideas.

We're exploring creative ways to provide him with the cash needed for the down payment while avoiding triggering a taxable event.One strategy we're considering is purchasing his future primary residence ourselves, making the mortgage payments, and then, once we've built enough equity—comparable to the appraised value of his rental properties—transferring the title to him as a form of exchange.What are your thoughts on this approach?

It sounds like a good opportunity and I want to pull the trigger but I wanted to get some reviews since the program is a high ticket of $15K I couldn't find much online about this program or Brian Grimes. 

I'll keep you in mind if I device to pull the trigger.

I have partnerships where I take a management fee off of topline and split profits from bottom line.

They might even be willing to front the money to rehab it and do a partnership with you to sell it too!  

@Cody Ford Without having specific expenses and the 4th rent amount I can’t say for sure if I would pull the trigger on this property.

Judging from your recent posts, you're into syndication, large commercial deals and partnerships.

Selling would likely mean taking on new loans at much higher rates, reducing your cash flow margin unless the new properties are stellar performers.Transaction Costs and Taxes: Selling could trigger capital gains taxes (depending on exemptions) and other selling costs, eating into your net proceeds.