As owner you have the ability to claim the net income from the LLC on your tax returns or to take distributions on your returns.

Depends on where you are at in your business, what your ability to ride the wave is, and how comfortable you are with management of your account.I'll tell you whats cheaper; getting on my buyers list :)   Let me know if there's anything I can do to help

They will look at you for credit score and criminal background but for the most part it's based upon the properties ability to generate enough profit (NOI) to service the debt (principal and interest).  

They will usually send the property owner a bill.

Guy A has Real wealth, compared to the "Fake" wealth of Guy B, wealth that actually decreases his ability to purchase assets, compared with cash equivalents.The point is that it seems to me that the guy that is unable to accumulate accessible wealth is at a huge disadvantage in this business to the point where much of his net worth is rendered useless in his pursuit of early financial freedom. 

I'm mostly looking for the ability to conduct my own research and get to know the market better.  

Gives a much more complete look and many home buyers don't have the will or ability to buy appliances and deal with moving.

I have budgeted all of my properties to use it, and it allows me the ability to own two investment properties 1000+ miles away from where I live.

Would it be possible to enter into a purchase agreement with him, subject to him obtaining the ability to sell from the court?

Ive seen people put out of business for violating that unwritten rule.The other important thing an agent needs from you is to see that you have the ability to close a deal.