The property is worth exactly what it is with zero STR rental income.

Something basic and simple, shows a property, the numbers, the potential return, how to cash out investors, how to document taxable spending etc.  

Would that lower our tax liability from other income we receive or no because this is purely RE and not an operating business?

Long term money, you could invest into a taxable account so you have access to it whenever you want.

Insurance-  we had 18 months of full lost income coverage.  

They lower taxable income for federal taxes but not for FICA.However, employer contributions made by the S-Corp are not subject to FICA and count as a business expense.Make sure your W-2 correctly reports wages, deferrals, and FICA wages.

@Tim RogersI believe there are income limits that if you exceed specific income (cannot remember the number) it greatly reduces or zeroes out any deductions from a REPPeople a lot smarter than me can confirm

@Blake Johnson If investors want to divide real estate holdings without triggering a large tax bill, the biggest challenge is that transferring assets out of a corporation is typically treated as a taxable sale at fair market value.

I just got signed up with Rent Redi and would like to import the previous  monthly rental payments into rent redi to have it correctly dispalying the lease terms with rent owed. Any suggestions or am i missing a tool ...

Let her sell it as she won’t have a taxable gain which you will have if she gives it to you and you sell.