By posting this picture, I am not offering legal advice, if you have any questions you should consult with your own legal counsel.

First, as always, consult you're own local tax experts but here is what I understand.

Of course, consult you business attorney and/or CPA for the best way to handle this.I also know it's important to have a good business attorney setup your corp or LLC.

If you have that info I would appreciate it.I report to multiple executives in IT Consulting.

He consulted with me a number of times for my input. 

I came into real estate from a software (and consulting) job as well :-)Since you have your own house, maybe trying pulling a HELOC from it? 

You might need to hire an attorney, no/or a CPA, and/or a tax consultant to advise you on what to do.The next thing you ought to consider is getting your financing figured out and get that lender to give you a loan letter that states the average time to close that type of loan and the maximum amount you qualified for.  

This is what I offer my clients - I am not a lender... just keep that in mind:I just began a professional relationship with a consultant for unsecured bank lending/10% interest and I believe a 10% funding fee.

@Tony Hill - Based on what you are writing, I would strongly recommend consulting a tax adviser before you proceed.  

I'll be consulting with them next week on overall feasibility of the project.I'm gonna need a construction loan to get this off the ground.