There are some that have a higher pricing adjustment if you close as an individual when purchasing a cashflowing rental as most prefer LLC vesting.  

Personally, Montgomery County is where I prefer due to the lower taxes, but the prices are higher as well.

So it is possible any way you go, just what you prefer!

Preferably we would like to structure this so that reduces or eliminates the tax liability.

You'll need his input for rehab expenses anyway, and since this is a rental your personal preferences for features in a home really aren't that critical.

Also, very specific areas are preferred over other areas.

@Michael Clatterbaugh Personally, I prefer multifamily for the scalability.

It seems like most loan companies offer construction loans for properties that are up to two units with preference for owner-occupied properties.

I would have prefer a longer term, but that lender was only offering 10 year loans.

You can ask buyers to use your closing office to negotiate a better rate.If one tract is preferable, you might list it last and for more per acre as folks tend to get the good ones and you are left with the hard to sell land.Please post a drawing and suggested splits as I appreciate learning from others ideas.