Ordinarily, selling a house, you open escrow and then go through inspection period, so I'm a little skeptical about the latter process.

Because it's family you probably won't have any court issues regarding that but ordinarily it could be.

Then it is your job through deductions and other means to keep your tax bracket low so this is below the 23.8% that is taxed for capital gains ordinarily.

Same old "sky is falling" scenario...things go up...things go down...people get in...people get out...people with timelines and resources long enough and large enough to ride the waves and stay put ordinarily very wealthy by doing so. 

For instance, if the owner pays personal bills from the business checking account or ignores the legal formalities that a corporation or LLC must follow (for example, by making important corporate or LLC decisions without recording them in minutes of a meeting), a court could decide that the owner isn't entitled to the limited liability that the corporate business structure would ordinarily provide.For the second point, depending on the answer of the first....couldn't it fall under this?

Ordinarily, the borrower would also have taxable debt-forgiveness income of $20,000 ($220,000 minus $200,000).

Most advisors that work for the bigger advisory firms are not being compensated for real estate advise, hence its not ordinarily in the best interest..Obviously there are cases where it would be.

I currently have a house that would ordinarily rent for $1,800 but I'm renting it to a company for $3,600.

Appliances are in short supply we have had to buy used and even repair existing ones when ordinarily we would have replaced them.

To answer your question about closing and escrow, simply act as you ordinarily would as you were buying your own home.Within your contract, write "Buyer does not intend to reside in the premises, but will lease, rent, assign, or sell for profit."