I think meeting with a CPA would be best and they may very well advise you not to mess with the zoning on an attached structure that's already there. 

I don't advise this, however, unless you have found a real estate pro that you really, really trust. 

.- Another yearly goal: I am currently studying for my Series 65 Uniform Investment Adviser Law Exam to better educate myself on the investing world in general.

All this to say, we are looking for a CPA who can help us with our taxes as well as advise us on future financial decisions.

I will take your advise by talking to many people, trying out various strategies, and remaining consistent :-)

Any and all advise would be appreciated!

I have one CPA telling me it does not and the donor must pay the gift tax on any amount over $15K annual and countless blog and other online info saying that any amount over $15K goes toward the lifetime gift tax exclusion ( currently over $11 million and soon to be reduced to $3 million) The parent IS NOT interested in a 1031 exchange BTW....and I will be seeking the advise of a RE Attorney...I just want to understand why it is so unclear.Appreciate any information. 

I would call the structural dept and ask to speak to a senior and tell them what you want to do and they can better advise you. 

and let them advise.

Trying to find out if my figures are correct for rehabbing and renting out a single family home in the Muncie Indiana area