If you don't have a track record in the BBQ business, I'd suggest you dothe deal with the bank just as it sits, you will complicate matters, after you own it, do what you like and pay the rent.The mixed use should be viewed on a sq ft basis as to the use and seperately comped as you probably don't have a similar mixed use property sale (if you do that is what you go with).

Series LLC's are the new hype on the butcher block to legally complicate matters by individuals that can dream up all these structures and make them money in court.

Some Attorneys have the tendency to complicate things, specially if this is a BK attorney.

Probably with experience and connections, but starting off it just seems like too much of an unnecessary risk.

The only potential cross-over, if you will, between using 401K funds and your deriving a personal benefit that I can think of is the complicated strategy known as Rollover as Business Startup (ROBS), where you establish a C corp for your new business, and your 401K (typically money in an old 401K) can purchase the stock of that C corp.

They want to sell houses fast as well and highest and best always complicated and delays the process.

I had no idea it would get this in depth and complicated, haha.

I didn't even think to dig that deep into the basics, but I'd rather have a firm foundation of the knowledge than an okay understanding of complicated/risky concepts.

Yes I pay 5k more on paper, but I get back from the assign.Also it will be better for resale.I know it's a bit complicated :)

Now anytime I've looked into this before it's always seemed much more complicated.