Not recording a lien might make the transaction less formal but could complicate the refinance process later.

@Carlo D.Maybe it is true for their bank but not for other banks.My wife and I have a (more complicated) trust that owns several LLCs.

Things will get “complicated” if you try to buy more than 3 replacement properties.I don’t see a problem with her renting you a space in her commercial building as long as she charges you “fair market rent”  (then she could leave the property to you at her passing.)

If you are looking to do a complicated structure, ex. wyoming holding company.

Technically a foreclosure can start 120 days, and in texas its a non judicial state so foreclosure timelines are pretty quick.What is your end strategy with this property?

My personal taxes involve fairly complicated investments that also require multi state filings.  

That plays a role.3) Where this gets complicated is you are doing commercial financing.

@Gary StarkReal estate tax return preparation is very complicated.

@Jason Malabute Yes, it is easy and straightforward, UNLESS you have a complicated structure in your LLC.

It's not super complicated, but you can pull out cash to rehab the deal and then put it on the market with no prepayment penalty.