I have a client with a Clearwater Beach oceanfront condo who is interested in selling it in fractional shares, possible to snowbirds who only want to be here in Florida a few months a year.  It's an interesting concept, a condo which would otherwise be $574K, would be split 4 ways to only cost each person $143,500.  We would like to try marketing it this way.

I admittedly have no experience in this area and am looking to hear from others who have done it who can explain the process a bit to me.  If you sell it in 4 shares, 3 months per person, do you have to find 4 people willing to do it before the sale can be completed (which could take awhile) or can you sell one share off at a time and close separately on each individual share before finding the next customer?  How much money in attorneys fees might be involved in structuring something like this?  Any advice?

Thanks!