Tax Implications for Funding One Entity With Another

[Naomi T.]

Hello, my name is Naomi.  I am new to posting but have enjoyed the community for some time.

I am considering purchasing an investment property (US land) where I will eventually build a vacation home that also generates rental income when I am not there.  I am self employed as a consultant.  I am wondering the most tax advantageous way to structure my entities (I would be the sole owner of each).

For example, the consultancy entity operates at a profit but the property investment entity will, at least at first, operate at a loss (construction expenses, etc.).  Is there a way to have this profit and loss offset each other, thereby minimizing the taxes?

I'm wondering if my consultancy should be set up as a C-Corp, thus taxed at the corporate rate, and I could then loan funds to the Investment Property (which I assume would be an LLC)... Is this feasible, or is there a better, simpler way to do this?

Naturally I intend to consult with a lawyer and CPA, but I want to have a better understanding of the pros and cons and prospective plan before sitting down for discussion.