My first-hand experience indicates that the information you provide above is incorrect.Additionally, by doing so, I've saved self-employment tax on about 40% of the total income earned in those S-Corps (I typically pay 60% of the total income in salary and distribute the other 40%).I'm not a tax professional, but I've used and have spoken with many accountants, CPAs and enrolled agents over the years, and they all pretty uniformly give this recommendation...at least until larger volume suggests using a C-Corp instead.

The language while somewhat common is not uniform so details do matter.The brief recital above is out of context to the rest of the text but does not resemble a conveying clause which would typically contain words such as "convery, grant, sell, warrant...etc".  

I enjoy them as the preparation is fun and I like to see the law in motion. 

They take buckets of disposed paint, filter them and mix them by color and adjust any of the mixture to make it uniform and then sell them as recycled gallons of paint.

So I would say that’s already in motion. 

My focus is on enlightening those who may be uniformed. 

It'll take a lawyer 2 months to draw up the complaint, another month to serve it, another month for the initial motion to dismiss, and so on.

Another option would be to get one of those motion detectors that bark like a dog.

If several others also need structural repair, then the contractor will erect 2x6's to support all the balconies for a uniform look.Here's my issue - I have no idea how long that will take, since it is dependent on the cooperation of 23 other condo owners, inspections, decisions being made, permits, and then work being done.

Depending on which state you live in, you may need a real estate license if you get paid to do any of the following activities: Advertise the availability of rental propertyPrepare or discuss a property management agreement with an ownerNegotiate leases or lease termsShow a rental propertyDrive or accompany a potential renter to a rental propertyCollect rentsAs always, there are exceptions to these rules - individual states regulate real estate activities, and they are not uniform in their treatment of property management.