I took two business law courses in college. 

You have a job that keeps you busy, but you want to start creating wealth through Real Estate.  

So if you are in a 30% combined tax bracket you get an additional $3K due to write offs.If it is a rental, you can write off the business expenses and the depreciation on the non land valuation. 

As good as offsetting all his W-2 / Business income?

Of course don't go there just looking for business, you go because you believe in whatever the group is doing. 

It's a place to legally go and sell stock/business without capital gains.

And I'm not saying this to earn your business just as if it was a residential property.

But investing is a decision business, do I make an offer?

@ Felipe, If you still manage properties in New Britain, I would like to learn more about your business.

Business justification of LLC-B --> This is can be a problem.