Please Help!!! Expanding fast and need some guidence

[Dusty Bowling]

Hi everyone. Let me give you a brief background of myself. I am a full time sheriff deputy but have been flipping houses and holding rentals for the past 10 years. I currently have 20 rental units and have flipped 20+ homes in a small community. I live in Covington Indiana in a small town of around 3,000 people. Without any marketing, just word of mouth, my flipping business has taken off. I have negotiated great rates with local contractors, and have around 5 guys that have worked for me over the years that due the majority of my work. They are not employees but I have given consistent work and I'm now at the point of using them 30-40 hours a week. Because of the rates around 12-15 per hour and the quality work I'm getting we are basically on a trust system. They tell me how many hours they worked for the week and I pay them. I understand this isn't the best plan, I do a lot of babysitting, and overseeing, but the trust is there. I'm in the process of hiring a few new guys to take on the general contractor role, who also have more of a skillset to do the finer finishing work that needs done. The guys I have can do all the grunt work, paint, trim, light framing, ect... but not the guy I want to build a house from scratch. I also have negotiated great rates with licensed plumber 25hr, electrician 15hr, and a licensed hvac 25hr that do all the work on all my flips and rentals. I have one individual who owns his own company and I've negotiated a rate of 20hr for him to do the finish work. I trust him completely and he would be ideal to run a flipping crew. He only has one guy that works with him, but using all of my guys and subs would allow for a flipping team with all the trades being covered.

 I currently have 4 or 5 private investors with access to capital of 500,000 or so. I also have 5 projects in process. Purchased 2 small rental houses on same lot cosmetic rehab hold for rental, remodeling a downtown building with a complete upstairs gut job and conforming bottom to fitness studio, small 3 bedroom house cosmetic rehab for a flip. I'm seriously considering quitting my job and go into investing full time. I currently make 36,000 as a sheriff, my rental properties bring in a cash flow after all expenses of 4,000 a month, and the flips I currently due while holding a full time job are around 30,000-40,000 per year. I am seriously considering quitting the sheriff's department and going full time. I know if I've accomplished what I have while holding a full time job of 50hrs per week, the drive and determination I have to succeed with all of my attention being given to real estate is unlimited.

The question I have are the following?

Would you start your own contracting company and keep all of my subs and pay as employees?

I'm a little worried of how to structure my business if I quit my job and continue with flips and then be taxed as a dealer.

Where would you start with systems and people to transfer from where I'm now to full time investing?

Any advice on where to go from here would be great.