Always consult with your attorney before you rely on the above information.

I am providing SEO and digital marketing consulting for a design-build firm operating in established and up-and-coming luxury mountain communities in the Colorado Rockies.

What I do know for sure when I consult for an hour or two and walk folks through this I charge for my time..

I would work with a real estate attorney and get a consultation 

Of course..consult with a tax pro.2.

Consult with a tax professional or accountant for precise guidance on your specific situation, as tax rules can be complex and may vary depending on your individual circumstances.

The Father works in construction project management consulting and can make about $5000 per month over the course of a year; however, it is cyclical and currently does not have a contract.

So you likely need to involve either a consultant or developer prior to make sure you don't buy something that doesn't have a fatal flaw or constraints that make the project not pencil out financially. 

I would consult a lawyer on this one before you make a decision. 

I have consulted with 2 different CPAs before and they told me 2 different ways.We currently own 1 rental in a Trust and in the process of getting another.I wanted to put the newly acquired property in its own LLC.