So on a deal like this I asked myself how good is the deal for the additional risk.

My main reason for looking into hard money lenders was because i was thinking about getting into brrrr deals to build up my properties faster just not sure if it was to high risk to start off with as i don't have all that much equity and funding as of now in case something in the project didn't go as planned.

A great deal will minimize your risk, and you make your money when you buy. 

Too much risk. at least for me.

I haven't explored condo conversions or anything like that as it involves a more sophisticated market understanding that I don't have yet.

Laying out an effective tax strategy involves a lot of work at this level, so just be prepared for this to not be quick and easy.I'd start by first having a meeting with your current adviser and ask them to explain their current advice.  

Who should I speak with on contract usage, do I need a lawyer involved, can I put everything thats being asked for on one contract, and what websites would I use to get clear info on if anything is owed on this property??

Safety, no open flames or risk of gas leaks.

Was there a financing contingency involved?  

If they are not passive and are involved in running the LLC then this is not subject to SEC regs.