business and rental in one
There is currently a deal available that seems pretty decent, still have to look at it, but have a few questions.
The property is zoned both commercial and residential. There is a store front with two spaces streetfront property. In the rear of the property is an attached home, that could be used as a rental and is zoned just so.
The idea was to run a business out of one of the store front locations, and rent the other out as well as the residential property. Now I am not really sure how a lender would structure this, but that can be discussed with said lender.
My question pertains to legal entity. As far as running a business, would an LLC be enough to cover the whole property, or would it make more sense to structure it in a way that was separate from the residential.
This question is just off the top of my head as I just came across the lead, and am going to look into it more. any ideas would be appreciated. Have a great morning!