I'm in contract (in Oregon) on a house that was built in 1950 and have been advised by another local investor to NOT get a lead and asbestos inspection.

Texas has some screwy cash out laws so let me know and I can advise a little better.  

As mentinoned you will need commercial financing, i.e. non-residential as "commercial" tends to be catch-all term.I would advise against "frankensteining" yourself with taking Title personally for the residential loan then moving the deed over to the LLC. 

I will increase our insurance umbrella until I can get it in our LLC name, but if you have any suggestions that help accommodate this process, please advise the best avenue to pursue.Thank youSherri Behrendt, Behr Assets LLC   

Does anyone know how I advise before I go under contract for his properties?

Does anyone know how I advise before I go under contract for his properties?

However, we just got the inspection results and the mold results came positive with High to moderate levels of SMUTS, PERICONIA, MYXOMYCETES - MODERATE TO HIGH LEVELS OF "OTHER" SPORE TYPES PRESENT INDOORS.The sellers are willing to work with us but we are afraid that even with the mitigation this will affect our re-sell value or potential lawsuit if we want to rent the basement and the mold re-grow.Please advise, should we get out of the contract and keep looking we are worry and frustrated at the same time.Thanks!

ANY advise on how to structure this and protect myself would be much appreciated.

I'd start the eviction process and advise your tenet to apply for section 8 if she can't find a place to take her in, due to her credit score.

Also, the attorney will be able to advise you — not only of your rights—but also your legal DUTIES to your spouse and your spouse’s legal DUTIES to you.