I should have used a HELOC or other financial instrument directly tied to my equity in the home to finance the repairs.

I should have used a HELOC or other financial instrument directly tied to my equity in the home to finance the repairs.

In reality, the termite damage we've experienced has always been contained to a portion (or two) of the house, was easily repaired with new framing, and wasn't a headache because we were already demolishing to the studs.In your shoes, I'd prefer to handle the remediation instead of the seller doing that work.

From a tax perspective (and doing your LLC filings), just keep good records of what belongs to what so it can tie out nicely at the end of the year. 

@Dave Kuether - I'd probably keep it in your shoes. 

And if you are okay with having that extra 30k tied up in the deal then it might be a good deal for you. this is just one way of looking at it.

For comparison, the national housing inventory is at a 4.4-months supply, according to NAR;-Townhome/condominium sales rebounded from two consecutive down months, with 697 units sold, tying a record set in June 2018.

Get the tie right.

I proposed seller financing because my cash is tied up in another mortgage I just obtained.

In court it is your responsibility to prove that the LLC is functioning independently, so if an attorney can show that you are personally tied to the loan then they can implicate your personal assets in the lawsuit and work around the LLC.