Definitely would be interested in comparing notes and see your thoughts on everything.

Compare this with the move-in checklist.

Our goal to begin is to buy and hold the real estate for cash flow purposes.

Other comps in the area suggest that the price per acre is around $100,000-120,000.That would mean that my land when compared to the cheapest and latest comp (the neighbor's lot) would be $255,000 ($85,000 * 3).

Here is what I mean.For the purpose of this conversation I am going to assume the project needs some serious rehab.

Which is better for tax purposes?

Aside from the extra paperwork,CPA fees, LLC annual fees, bookkeeping wise, it's pretty straightforward.Finally, you need it for banking purposes, so each entity has its own checking account, so each business would have it's own profit and loss.

Compare to the stock market and bitcoin, housing market is not at the stage of crazy yet like stocks and bitcoin.

Guess ill just give it  a shot on my deal and compare the info to the actual county websites.

Many of the examples I hear about on the forums in other areas are not comparable in terms of purchase price and taxes, unless I look significantly less desirable areas of NJ (Camden, Trenton, Newark).