They did say that doing a refi would be impossible.

It's next to impossible to get anyone to do anything and if you do find someone, they'll stick their hand so deep in your pocket, they'll be fishing around in your sock for money.

How is this legal?

Not much, but thanks to the posts here, I stopped making projections and started figuring out what actually needed to be done to be legal when asking other people for their money.

Obviously, I'm not a lawyer and am not giving any legal advice.

I’m still getting up to speed with real estate taxonomy, so I will need some time to digest the info, but it sounds like the easiest (at least from a legal and tax standpoint) is to start the LLC first, then get the loan.

I am not an attorney; but, as a licensee in the State of Arizona, I can draft legal documents relating to leases, purchase contracts, binding letters of intent, etc.

I am very adimant with the bank and tell them to talk to their legal department before they try to lower my contracted 6% commission.

I believe it as it's so easy, fast.It's legal in all 50 states too.

It sounds like the only reason this was had the notice is the city got involved, but knowing why might be impossible to find out.