The mentioned issue is *a tax issue*.Distributing assets from Subchapter C to Subchapter K, or in your case Subchapter S to Subchapter K is what will cause the gain recognition event upon distributing of said assets from the corporation. 

I assume this share has a $0 cost basis.I am trying to figure out the tax implications of these events.  

I'm actually considering a refi on all my notes under my personal name, this way other big ticket items such as my personal residence, stocks, etc. that are held under my name along with my wife's can't be touched in the unfortunate event something happens rental property related and someone comes after just me.

The larger it is the more weddings, funerals, and events.

For illustration purposes if a tenant or passerby trips and becomes  hurt because of a premises liability event, if you discriminate against a tenant or buyer, fail to pay your contractor for work that was performed or any of the many fact patterns that could lead to claim exposure presents itself do you really believe your identity is going to stop a plaintiffs attorney from filing a claim, lien etc?

One of the attendees, who is also a client, is consistently sharp (Well, actually, most of the attendees were; the average bear does not take time & money to attend such an event.) and asks good questions. 

You can be hands on in one of the hottest, up-and-coming markets today for long-term rentals.

There are also lots of meetups where you can meet other investors - check out the events page if you haven't already.Feel free to DM with any questions!

Or just one of the capital events along with the cash flow?  

Check out Zillow hottest housing market of 2024: https://www.axios.com/2024/01/10/zillow-ranking-hottest-real…