@Morgan Klein Its hard to tell what damage the vape fumes do to a properties interior, it depends on who you ask, some people say the fumes leave a lasting scent in the home.

For federal income tax reporting this means the SMLLC is dissolved and there's no distinction between the SMLLC's assets/income and the owner's assets/income.The tax treatment of you holding the property directly vs through a SMLLC taxed as a disregarded entity will be 100% the same. 

I've got the feeling that that there is a distinction between hard money lenders and private money lenders.    

It has some distinct positives, and some major negatives.

@David Brown, first you should make sure you understand the difference between money mortgage and contract for deed, as this are two distinct ways owner can finance your purchase. 1.

He distinctly says yes the offer can be 1% or purchse price but some investors do make contract with a dollar.

Some might consider this a distinction without a difference, however, violation of MLS or NAR rules is not the same as "illegal." 

Their distinction is that you get an actual deed to the real estate. 

This could be an area where I'm missing an important distinction. 2) The contingency would already be built in to the $25k at 20%.

Lead paint has a distinctive flaking pattern compared to modern paints.