I suggest using a service like Mayistay.

This is after all construction in Los Angeles, if you've never done it before add 50k.If you have $500,000 in cash I suggest you use it elsewhere, this years long headache is likely not worth the 1000's of man hours you will also have to put into it running your very own team of scientists.

@Jeremy H Barton I would suggest taking a look at your cash flow before signing up for a HELOC on a brand new building.

Thank you for taking the time to make these suggestions! 

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

I suggest using a service like Mayistay.

In short, having all the conversations and commitments in strategy, setting up LLC and all the fun docs of who's doing what, and I'd suggest even getting initial funding into account for at least EM. 

I suggest finding an online bank that gives high interest rates.

Thoughts and suggestions or too complex and take the hit on capital gains tax as I sell my rentals?

Any other suggestions -- what about Detroit, MI?