He and I are both clear that good practices and insurance are #1 but the LLC does have a purpose. 

The pro's and con's are mainly prrsonal decisions regarding how you choose to operate your business.

Not to say that none of those things won't add value - a good home inspection may be worth far more than it cost - only that they are ancillary costs to the main course, which is "I will sell you this piece of property with buildings for $X". 

Your episode on the Podcast was actually one of my main inspirations and kick started my journey, to REI.

In my opinion, for what it's worth :) , If your main source for deals is the MLS than you are in for a tough time.

@Michael Anspach, if he does that there's some related party issues as well as the federal interpretation that he is selling to himself since really it is their joint tax return that is the owner for federal purposes. 

Also, if you're putting signs in front of your rehabs, wouldn't you want them to have the dual purpose of both advertising the rehab and you as an agent?

On the plus side, keeping her as a tenant means doing a lot less work to the main floor that she lives on, than we would otherwise.

Yes an investment property, but, for loan purposes it is Residential.  

Make the seller deal with it (especially since they purposefully hid it from you) or walk away from the deal.Best of luck