Mostly just looking for someone to discuss options and benefits of setting up an LLC or going it as an individual.

You will definitely benefit from having some sort of guideline and direction.

The sellers also needed to find a new home to live in so the extra time benefited them.My two cents is to not be discouraged about your offer as you do not know the seller's situation and the contingencies on the other offers.  

I have been pre-approved, but from a credit union which did let me know my max number just if they would approve me for a $170,000 home I was looking at. 

If their credit is good, the rates are low right now so it may not jump the payment up to much.

Rent RatioInsuranceMortgage interestLease structureWhat is benefit of investing in Japan over USA?

If you are completing background checks, reference checks, they have good credit scores, etc. etc.

It could just be a year or two away (depending on your savings and credit profile). 

I would like to add my name, and eventually refinance the home in my name using my credit and income. 

As far as funding goes I have around 50k liquid right now and a pretty good credit score and my parents are always willing to cosign with me if necessary.