You'd  do well to consult with a tax professional and an attorney in order to come up with the best strategy for your personal situation.

I have been in property management for about 3 years as a Leasing Consultant and Administrative Assistant.

(a PDF of the plans is below.)Do I need to consult an engineer?

I have done thousands of transactions and I still to this day consult my experts before making a large decision like the one in front of you.good luck to you

My next question is, maybe a consultation with a Dev on whether RoR is best for you would be a great idea while you're in transition anyway.

I'm a newbie to real estate investing, however I have been a financial consultant, residential mortgage loan officer and a commercial loan consultant for many years.

Hi everyone, I was hoping that by this time I would be telling you about the start of my first flip but...Over the last two weeks I sourced a house in a really nice neighborhood, did the initial walk through with my R...

Be sure to consult with a CPA on this.

I believe @Amanda Han is based in California and has written a fantastic book on tax strategies. you may consult with her https://get.biggerpockets.com/taxbook/    

I worked 15 years for one of the largest GC's in the US and now work on the development/construction side for a local developer, so as it relates to contracts/questions, while I am not a lawyer, I can provide some sound advice that should be followed up by the consultation of a lawyer.