If you only own one property, it's probably more complicated than it's worth.LLC's are for liability protection (and not fool proof in that regard), not for taxes.

Or is there a way to protect us from them backing out of the deal?

This typically takes a few months and I am unsure how to dialogue with the sellers on the process, I don’t want to put in too low an offer and have them reject it but I also need to protect my downside should the town not grant my highest and best use.

Does this still protect you from piercing the corporate veil? 

(dont beat me up in the comments too much bitcoin lovers) Guns can also be used to put food on the table, protect your family and have a good time at the range.2.

However it is not per se an asset protection.

My fellow Borrowers, the question has been asked over and over again, what protections do we have against foreclosure?

While an LLC won't entirely eliminate someone's efforts to find out who is the manager, an LLC will offer asset protection as well.Congrats on your new acquisition.  

I want to give my rehab crew all they need to get the job done but want to protect myself by ensuring the final draw is large enough to motivate getting the project done completely, yet not so large that they have to come back to me for some of it to buy materials.

I want to give my rehab crew all they need to get the job done but want to protect myself by ensuring the final draw is large enough to motivate getting the project done completely, yet not so large that they have to come back to me for some of it to buy materials.