That person must be sponsored and employed by a sponsoring broker.Only exemption would be an onsite residential manager engaged in leasing activities.

Do I need to file an AP-206 franchise tax exemption every year with the State of Texas comptroller, or do I just need to file the 1120-H with the IRS? 

Peter- when Realtors enter a home into the mls they are supposed to put in the taxes without showing any exemptions.

If you sell a property you bought as a primary residence and have lived in for 2 out of the previous 5 years you can sell it and take the 121 exemption gain tax free.   

@Steve MilkaThat is correct, you can use the capital gains exemption only once every two years.Also, you can only get the exemption if you lived in the property for 2 of the last 5 years.

Tenants couldn’t be evicted in no-fault situations, with exemptions for situations such as owners moving into a unit or substantial renovations.

You may qualify for exemption, but definitely check it out as that could cost you way more than the repairs if you are in violation.    

In order to qualify for the Homestead Exemption from property taxes you must own and occupy the property.

@Nav S.You're allowed a cap gains exemption on a primary residence as long as you lived in it 2 of the previous 5 years.

I noticed you mentioned nothing about that, or that you might be a registered non profit, attorney or other exempt from licensure entity and, I'm sure you pointed the borrower to New York consumer protection agencies so that they could understand their rights and protections that may be available to them against foreclosure rescue fraud....but then again...you're a fast learner.