I have recently started looking more responsibly into my finances, and realized I have almost 0 assets besides my home. I am now looking to move into real estate, it may take years before I fully start investing.
My wife wants to run her own Salon, so we are looking at a property that will allow us to have a commercial/residental space inside. Our city doesnt allow this, but a connecting town does. Is this something we should consider? I am going to look at this property soon, and found out it was just sold in May, so I am confused.
Also should I form a LLC to buy this property, move in and have the LLC rent to my family, and then rent to my wifes business?