(I could understand if you wanted to make the LLC a beneficiary, however that could POSSIBLY cloud your exemption re state transfer tax and/or bank exemption via Garn St-Germain.The title company and bank/lender will use exactly the same entity as whichever holds title either refi or purchase.

In the big scheme of things whichever option you choose will not make a big difference

The lender I have been working with will allow me to take out a loan of up to 75% of the sale price I have negotiated, which is $210k, or 75% of the commercial assessed value, whichever is lower.

But, my suggestion is to get a policy for your property (State farm, Erie, farmers...which ever you like) and then have the company that collects the rents (or you if that is the case) get a liability policy (or umbrella if you) for $2MM+

You can issue the 3 day notice before the end of the grace period but can't actually file until after 7 days or your 3 day notice whichever is later.Please post back if you do find the source of the requirement for a 5 day grace period.

Anyway good luck on which ever way you decide to go.

If the initial purchase is in cash you can cash out 70% of  appraisal value or initial purcashe price which ever less.

I have a rental that is almost paid off so I can refinance it or take a Heloc , whichever is quicker or better ...

By "value", lenders mean the appraised value or the selling price, whichever is less.

CANCELLATION:  Buyer retains the right to cancel this agreement by delivering written notice of cancellation to Seller before Closing Date or the date when the deed is executed and delivered to Buyer, whichever is earlier.