Leasing property back to yourself ?

[Joseph Niedermeyer]

We are looking at 24 acres of land to buy for our horse farm. We’ve always had horses and have leased land from property owners to run our farm business. This will be the first time we would own the land. I’m wondering if it’s best to treat the land as an investment property and lease it back to ourselves and our farm business. I’ve heard that some doctors or other professionals will privately own their real estate and lease it to their professional business. Is this a logical thing to do when you are investing in real estate and have a separate business entity that would utilize the real estate?