Developing the lots and selling them as an S-Corp will allow you to avoid some of the SE taxes as well.The amount you sell the land to the S-Corp will be the cost basis of the "inventory" (the lots).

In general, LLC does not save you taxes. fFr eg, there are some tax savings when you can shift the SE income from the business to a spouse who is a high earner, but rental income is not subject to SE tax anyway. 

However, there might be some tax benefit in your situation to treat this as a partnership (LLC tax as a partnership ).For instance, this treatment could reduce a married couple's SE tax bill when one spouse has wage income above the Social Security tax ceiling ($128,700 for 2018).

IMO your SE and NW (53222) will be your best.

This is a wholesale deal so there is no option period per se.

Russell mentioned Areas in SE DC where I know that businesses (and a big government facility) are moving into and had a gut feeling that this could be the next popular area in the city (the next Navy yard).

@Nicole De Lia I have seen Investors purchase properties without seeing them but I don't recommend it per se.

Hey guys, first post so bear with me.My wife and I just bought a foreclosure quad in SE Virginia. 

Member Planet: not HOA-specific per se, but like Wild Apricot offers a ton of functionality in the free tier with compromise that they're showcased in a rather overwhelming and dated "kitchen sink" interface that's not mobile friends and a steep learning curve to get off the ground.

KrisYUp I don't see self storage as an investment per se  I think its a business.. and you can choose how to run it.