In addition due to prop 13, the tax base is a fraction of if it sold today.   

In doing so, bear in mind that the cost and admin of a corporation is higher and that the tax treatment is different:1.

Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.

@Drake BackmanBigger Pockets is a great place to find a tax strategist specializing in real estate taxation.A good real estate tax strategist can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding a tax  strategist specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your tax strategist remotely to expand your options.I would also recommend looking for a tax strategist willing to work with you throughout the year.

@Luis Cerwin as others have stated, Nov - Jan is the worst time of year to have a vacancy.Majority of tenants live paycheck-to-paycheck, so all their income goes to Holiday spending starting with Halloween, then Thanksgiving, then xmas, then NYE.January is also historically the worst month for rent payments due to Holiday Hangover Spending.

After that is done, head over to IRS.gov and apply for your EIN (Tax ID).

I learned so much from the course and PCS, and I'm claiming all of my cost on my taxes.

The title search would likely happen simultaneously to your own due diligence and the lender's due diligence so it wouldn't really be separate steps.

Any advice on what setup is easiest and most tax advantaged?

I assume there is zero or almost zero appreciation and that’s the reason you aren’t selling tax free?