Purchasing a condo/home outright with an LLC to minimize taxes

[Dylan P.]

I currently rent and have no real estate to my name. An LLC i'm a minority member of is undergoing an acquisition and my idea for planning for my tax bill is to start a new LLC just for real estate, and have the LLC purchase a unit or property outright to reduce the amount i can be taxed on and then live in the property. The plan would be to then use that LLC to buy any future properties/land for myself or rental properties. Has anyone ever done this? Would an accountant be the best person to ask about this.