Question about (MHP) Mobile Home Park Entity Structure

[Gabriel Merkin]

Hello, I currently reside in the state of New Jersey and have been doing research on investing into Mobile Home Parks. The question I have is regarding how to structure your entity. If I currently live in New Jersey and I am looking into a MHP in Up-state N.Y. should I be considering setting up that Entity within the state the park is in? Also which entity has the better structure to hold an asset like a MHP for tax purposes and protection?
I would plan on holding these assets long-term.

I am analyzing deals in many different state's and before I begin submitting Letter of Intent (LOI), I feel I should have these questions answered to be more prepared.

Any tips and advice would be much appreciated.

Thank you

Gabriel