I have a single member LLC and my understanding is that I would be setting up a separate checking account where I was appointed the trustee and that all income and expenses would flow in and out of this account.Once the checking account/trust is created, how would you handle the financials for the actual 401k plan?

I don't trust the government and I believe in CYA (cover your assets.)

I'd handle finding the house, acquiring it, setting up an LLC and/or land trust etc., getting insurance, and bookkeeping.

In all the time they wasted in lawsuits, they could have gone out and done many many deals, built a successful business, and become extremely successful in life.If you always focus on problems, then you're going to be trying to fix problems for the rest of your life.

Either way he can't be trusted and I would walk away.

I am being advised by a CPA to form my series LLC and place it inside of a trust.

Find a way to do extremely accurate budgets..

Some deeds of trust are written to include other liens as well.

Yes I know it isn't easy trust me.

I guess it would be extremely difficult for HUD (or any LL) to prove any unauthorized additional people living there, without proof/pics, etc.