Purchasing with seller financing

[Robert Medina]

Hello so I am currently working on a deal for purchasing a commercial/residential property and the seller is willing to do a seller financing agreement with good terms. My question is I recently opened an LLC and am trying to figure out if purchasing the property under my llc would be a good idea. Being that it's seller financing it's a balloon payment at 5 years so I will need to refinance out of the loan before the 5 years. Will it be harder to refinance out of the llc down the road? What about doing a quitclaim deed? Like purchasing the property under the llc and then doing a quitclaim deed into my name and then refinancing. The reason I'm looking into using llc is because it's a commercial property with 5 units so there is significantly more liability with tenants and their customers and if there ever was a lawsuit I'd like there to be an llc. Unless my thought process is completely wrong. I'm open to any ideas. Also what about tax implications. Is one route financially smarter than the other. (LLC vs not) the net income is estimated at around 8000. Also I was going to open a business account for the property which requires Ein.