It'll be necessary to talk to professionals familiar with YOUR specific tax situation in order to address the pros and cons of using an S-Corp.

That way you will get other investors working in that area to give you more specific advise.

Revenue Ruling 2002-83 is the specific ruling that covers related party transactions. 

The more specific you can be about the problem you are trying to solve, the better response you will get.

Engage an architect, they will be able to advise you on how all of the issues written about here do or do not apply to your specific parcel. 

For Maryland and maybe more specifically Baltimore, search @Ned Carey posts. 

@Lindsey JohnsonLove to pick your brain on what worked and did not as I want to try this in a specific market.

Perhaps more than one to accomplish specific goals. 

In fact, she specifically acknowledges it.7.

And as always, don't make any major decisions based on advice from this site (or anywhere else online), at face value, without consulting specific professionals regarding your specific situation, etc.