If you are living there, then you need to weigh the benefits of having a home, as oppose to renting somewhere else.

But I also love the idea of investing in real-estate and utilizing its tax benefits I have read around 10 ish books or so and the one I am reading right now recommended this site I am looking for some advice of things I can do to either prep for an investment into real estate and or do right now.

Main benefits to this strategy include:- Low down payment options (as low as 3-5%)- Acquisition experience- Property management experienceThe NYC metro area has nearly 2,000 available 2-4 unit listings on the market.Other new investors consider the BRRRR Strategy.All the best to you on your journey!

Holding the property should pay down the loan and give us tax benefits. 

Another benefit of this option is that it would allow you to get a conventional loan at 3-5% down. 

I am new to this and I would like to benefit from your experience please. 

You get your tax benefits.

Are there any tax benefits from donating this land? 

The goal here is to align with investors and educate them about the benefits of long-term strategies.

It's people like you who cause folks who would actually benefit from an ESA to be painted with the same broad scammer brush.