In real estate (and probably other industries) this is referred to as a Single Purpose Entity, and it's usually a smart move.

You can definitely still write off mileage and many other items on your taxes without being in an LLC.

My only guess is your CPA is thinking this is a rental, where you can depreciate certain items, and expense others against "this years" income.  

It's important to have your attorney review the title commitment, as I've seen "wholesaler-friendly" title companies include various items in the title exceptions that could cause problems later on. 

As we sell through these items should we create a bank account with the llc to "season" the capital for when we are ready to reach out to a lender when we are ready to make our first investment?  

Once the option period is up, cancellation would only be for items specifically named as contingencies, such as financing.   

., flushing the wrong items).Also, make sure you do a walkthrough yourself prior to filling the unit.

It is now a negotiable item.

The projected return is down from 12% to 10%.https://www.pprnoteco.com/invest/fund-offerings/I think some posters here have outdated information referring to prior PPR Note funds. 

Let me know if you want me to refer you the lender.