New purchase - accounting set up

Hello everyone,

I am hoping to develop a sales agreement for my first purchase of a park. My question is: how do you structure the actual agreement to reflect the purchase of the assets / income stream while maximing the tax advantages. Since the current park does own any homes and has public water main, it has limited depreciable assets (Sewer system, only one building) and 6.5 acres of land. I can’t depreciate the land.

Any guidance on how to itemize the purchase price according to assets / income stream (I look at this like buying a business with no real estate for depreciation purposes) would be greatly appreciated.