Make it an active corporation and pay someone to do some work from that corporation.

All of the corporate centers around: Maitland, Lake Mary, Orlando, UCF, are all becoming limited on land. 

I would recommend investing in a city that you actually enjoy visiting from time to time - or where recent corporate/development activity has just started.

Local economic development corporations have info as well.   

@John BobyYour LLC only provides protections to the extent the corporate veil cannot be pierced. 

@Jesse ClarkIt's a good question for your CPA who knows your facts, circumstances, and goals.Generally speaking it's not advisable to hold appreciating assets inside a corporate tax entity, whether a C Corp or S Corp. 

You could propose back in your LOI what terms you want.Example:If tenant proposes:7 cap with 15 year primary term lease and rental increases of 8% every 5 years and a limited guarantee on the lease.You could counter in LOI 7.5 cap rate, 15 year lease with parent corporate guarantee and full personal recourse against them, 2% annual rental increases,etc.There are lot's of things to watch out for with properties like this.

Corporation taxes vs Individual?

@Patrick Reisinger After that you want to compartmentalize your assets, which is often accomplished through the use of LLCs or corporations.

Do I need to form a Corp or LLC before I get started?