On the Seller's Disclosure form, many of the questions remain unanswered, such as, "Do you know of any previous/current presence of any wood destroying insects/termites in or on the property or any existing damage to the property caused by wood destroying insects/termites?".

We were planning $600/mo mortgage payment, $100/mo insurance & $100/mo taxes - balloon payment in 5 yrs.We are providing $5k to pay back taxes ($4k), back hoa ($125), pump septic & grease trap clean out ($225), survey ($600)  & our children are paying closing costs ($1500).Deal stalled as owner backed out on seller finance.Suggestions?

Also worth comparing processing and underwriting fees, and really any fees that are in Section A of the Loan Estimate. 2) Not understanding the value of experience and relationships. 

The problem with a C Corp is that any losses I incur would be trapped in the company, as opposed to an LLC where I could use them to offset my Salary income.

They'll know traps you don't even know to ask about.

The key IRS provision that governs this is in Section 469, which outlines the passive activity loss limitations.

Tell her is going to cost about 10k, (just to scare her away). 1k to replace the vanity and paint is possible, just make sure its done by someone who knows what they are doing to make sure there is no leaks and p-trap installed correctly. 

If this is a rental, install a grease trap. 

Replacing all Kitchen and Bath p-traps and drains:a. 

Welcome, @Dwight Ketelhut - it's always a pleasure to meet other CT folks here, and doubly so when they're in SECT!