No account numbers- simply send money with cell phone number.The downside is you can only send up to $1000 at aTime.

Unless she punched holes in the wall, and leaves a bunch of trash and junk in a messy house, it would be hard to argue that the dirty walls, worn fixtures, filthy carpet is her problem. 

We will put it in the LLC for the short life of the Rent to Own simply for protection (we will still have 100% control and will continue to rent it out/pay all costs).We don't NEED to sell this property, so if he walks, we have $50k for doing nothing, so it's all good!

You may want to check with local codes (building department in the city your home is in) about the railing.  3 steps should be about 22 inches but sometimes people don't count the porch as a step, they simply see 3 physical steps and say it is 3 steps when the fourth is the porch. 

They will fall through that hole on some drunken night and then come sue you.

I'm brand new in the real estate investing world and I'm trying to understand all the nomenclature and procedures into simply just buying my first single-family home.

Either way when your working with $300K that enough to pick up more than just one property if you use the loop holes and buy in the right area.

Yes, it was added sometimes, but your statements are extraordinarily misleading and hysteria-producing.Extremely low levels that appear simply because a material is naturally sourced haven't ever been show to be a particular danger. 

Its why this whole RE game is so very market specific  one size simply does not fit all. 

If I were to simply pay a flat rate.