I'd have to agree with Cody ans Steiney on this one. I own 22 acres outright with 10 of it tillable ( cash rents @ $225) and a commercial property with two tenants. I'll spare you all of the LLC nuances and costs that aren't usually considered by someone who hasn't been in that postition before (unless you really want to know).

If your main purpose is to grow big bucks and have great hunting experiences, leasing will be dramatically cheaper and more importantly, dramatically less risky. It only really makes sense financially if you can put a big chunk down and you are approaching it as adding another aspect to a portfolio (again I'll elaborate if you really want to know).

@ Bryan78: i own a 2006 f150 i purchased in 2009 and paid for it with cash (25k mi. on it), During the last 7 years I have leased 3 SUVs of comparable price to a new f150. Which is the better investment? (yes, this is a trick question)