Excise Tax for Commercial Property in TN

[Stacy Gunn]

We are closing on a 9 unit in TN which is considered a commercial property. I know that the FONCE exemption for the excise tax is only available for buildings with 4 or fewer units so we would be subject to this hefty tax if we own in an LLC. The deal doesn't make sense if we need to pay these taxes and I don't want to be exposed by doing this in my name vs an LLC. What have others done in this situation?