LLC, and Purchasing a Property questions

[Samuel Peters]

Hello, Thank you for taking the time to read this as it will benefit me if you answer it along with many other new investors. I am soon to be signing papers to put in an offer for a duplex that I am very interested in. I have an inspection contingency on it. 1.) should or can I even put another contingency with a bug inspection on it? Or can I do a bug inspection and use that to counter with the seller as well as the actual inspection? (Please let me know if this makes sense or not, I’ll try to make it more clear if needed) 2.) I don’t have an LLC yet, but I am planning on getting it for the property. Should I form the LLC first, then purchase the property(there is another person interested in the property, so keep in mind time as well) or can I buy it under mine and my wife’s name, then transfer the property into the LLC? Is this even possible because this is what I was wanting to do (for times sake). I don’t know if this helps or not, but the loan is going to be FHA 203k, or Conventional (depending on if the repairs are serious enough or not) Thank you very much!