( I have a nice one right now copy of Portland business journals top 30 builders) which I made number 24 in my market.. so lead with strength..

I like the concept in general, but there are lots of nuances.

First, your Plan isn't a plan...it's a concept...kind of. 

@Brandon Sturgill this is a very interesting concept that makes a lot of sense to me.

I just learned a little about the concept of Self-Directed IRA's from our local Meetup last month.

I mean I hate the concept of gentrification being a musician myself but hey, its not going anywhere so might as well play along.  

You better put this in place before you get in trouble and get sued, after...no point in closing the barn doors after the horses escaped.An LLC is a legal concept, with no tax advantage - you can have it treated as a disregarded entity for tax purposes, or a S-corp or C-corp (but you don't want to hold real estate in an S-corp or C-corp).If available to you, you should look into Series-LLC for the asset holding entity.

I understand all the concepts, but I feel like that would not be smart trying to do that on my first deal.

Most likely candidate would be a second location restaurant or a new concept from an already successful restaurateur. 

@Amber Gonion The concept you are referring to is "tacking" consecutive owners' possession together to meet the adverse possession time requirements and as far as I know there is some recognized variation of it everywhere.