I will be gifted ownership in the S-Corp and begin to reposition properties by selling the ones in the S-Corp and buying new ones in a new LLC.

The absolute easiest way to do this is to have your property management team handle the transition.

The beauty of this idea is that you purchase with owner-occupant financing and many times end up almost living there for free with the same low cost of entry.Of course, you can also use retirement funds, gifts from family, win the lottery etc.

@Nicole Sugrue You and your siblings should simply gift your parents the funds to make the mortgage payment each month. 

You may give an unlicensed person a non-cash gift worth $50 or less in exchange for a referral and not violate The Real Estate License Act (TRELA) or Texas Real Estate Commission rules.

She wanted to give me a $500 gift card and I told her no.

If you're past the option period, but have a loan and therefore a 3rd party finance contingency, that's your next easiest way to get out of the contract. 

There may also be gift tax considerations if a property is sold for less than fair market value.Plus, if this property is in CA, as a result the sale/transfer may result in a reset of the property taxes. 

We wanted as few people making the day to day decisions as possible since it will ultimately be easiest this way.Since it’s family for us, the trust and rapport is already there, but if you have investors, I think you could do something similar, you’d just have to be certain you have a structure/legal plan written up.

It is the easiest way to show you are maintaining the entity (along with all the other corporate formalities you should be doing each year).