Being arrested for weed and traffic 6 years ago simply could mean she had a suspended license and a small amount of weed.

There is a cost to LLCs; state annual fees, bank fees, accounting fees, and simply the cost of the time to operate multiple LLCs. 

If he does stay win/win if not then move your business forward win/win.

Some ideas I have been teasing around are building a rental storage facility, leasing the land for a solar farm (although the lot may be too small for that), building a multifamily complex, or simply using the land for advertising.

@Jack MoranYou may run into some hurdles with banks and hard money lenders simply because of your loan amount request on the front end. 

They are simply applying the same logic you would with a problem tenet.  

Quite simply put I don't even know what I don't know!

Mortgage lender credit inquiries, within a 30 day window are grouped together for scoring purposes as if they were 1 single inquiry.Even besides that, if you have good credit....inquiries simply dont matter enough to make a difference.

I figure most are simply acquired off market.

Sounds like a great deal, Good job, win win for all parties involved.