@Angela Clark ask for answers and you shall receive......remember though I am not an attorney so this is the best advice I can give without saying "consult with an attorney"; although you may see that answer below. :)Thanks for the question and answers so far......my pleasure!

I am a mortgage banker/consultant. 

Start by consulting the local zoning office to see whats possible.

I'd read up on the laws and requirements of a foreclosure consultant before you start knocking on doors.

Your should consult with a tax advisor. 

Personally, I am a real estate consultant in the Greater Kansas City Region.

Always consult with your attorney before you rely on the above information.

Of course, as a cover my a$$, I have to say that I have not evaluated your specific situation and this advice is just general in nature and you should consult with an attorney in your area.

Account ClosedYou should consult an Attorney/Accountant about entity formation.If there is one member doing work, you may want to consider having him/her being given a guaranteed payment.

I have been consulting with various attorneys, and have been getting some mixed messages.