You might want to get advice from an attorney or a CPA (or tax accountant) to help you decide what sort of company you should form.  

I am thinking of putting an offer in on a property that is listed on my county's tax foreclosure listing.

They save a lot of money in annual filing fee's with the state.  

They do have savings built up, but I am sure even with the military PCS'ing them they will still have some expenses getting settled. 

LOL.many in the fix and flip business though can get a nice tax deduction when buying a nice new truck they use in the business.But limiting debt to your personal resi.. 1 car for you one for spouse.. and then NO other consumer debt ever .. is a good recipe.. 

Examples could be pre-foreclosure, tax lien, loss of job, death in the house/family, divorce, high medical bills, drugs, rental property gone bad, or anyone that was diagnosed with a severe medical condition.

I have all the connections to save money on materials.

But yes, it may be a good idea to minimize your future capital gain taxes.

Currently saving up money and thinking of going the live-in multi-unit route along with possibly some tax lein investing back in Indiana.  

Insurance and gas price difference on a smaller, cheaper car will save you AT LEAST $100 a month vs the truck you own now.