How do you plan on adding it to the ESP8266? Are you going to build a board for it?
Indeed. ESP12E/F module with various peripherals; now for client I have to add this RS485 communication.
Using a separate module is not my ideal solution; I prefer to have everything on board as much as possible. The part that makes me most uncomfortable here is that I can hardly do any testing before going for PCB prototype production. As it's all digital it's basically a matter of carefully reading (and re-reading, and double checking) the connections based on the data sheets, and it should work. That's the upside.
R74 what value should that one have?
You would not be using the 3.3 volts on the RS485 side connection.
What do you mean with this? Different voltage needed? I have 5V and 12V available.