Mixed use RE with own business - lease office to self or lease apartment to self?
I want to buy a mixed use building in Chicago with retail on first floor and living space above. I intend to live upstairs and run my business from the first floor.

Is it better to buy the property as a private citizen and rent the office to my LLC, or to buy it as the LLC and rent the apartment to myself? I assume this would affect mortgage financing strategies, bankruptcy risk, and taxation?
[{"id": "iuuc2t4", "text": "Aside from the tax advantages and opportunities that may present theme selves -  which others could weigh in on (as an LLC it\u2019s probably all the same when it comes to your personal tax liability overall and itemizations / deductions?) \u2026\n\nI\u2019d be more focused on losing your home. Which depends how litigious your line of work is. If you own it under the business as an asset, and have risks of getting sued beyond what your insurance covers, they\u2019d come after your assets and possibly take your home from you.", "replies": [{"id": "iuummny", "text": "Gut feeling is owning it personally and leasing it to the business would be the move for this reason but I don't know enough about the tax advantages to each to feel confident.", "replies": [], "depth": 2}], "depth": 1}, {"id": "iuvrxfc", "text": "There are specialists for this topic. I'd reach out to Jeff Badu if you're in Chicago.", "replies": [], "depth": 1}]