And what 'is" is a tangled jumble of things. ai will just kick back an answer loaded with "and, if, but, when" because that is how the various statutes are, loaded with layers of variables that far too often make almost any action/answer right, wrong or unknown, sometimes simultaneously multiple or all of the above. 

Get creative if you need to.Finally, use a title company/closing attorney for all the paperwork, make sure they do a title search, (I would recommend paying the money for a Warranty Deed to ensure your protected as the buyer from any unknown liens) and then make sure the Promissory Note is secured, i.e. recorded against the property with the county recorders.

I would ask for them to pay for a termite treatment since it is unknown.

Do lots of research before buying in unknown markets far away. 

If you can house hack in your local area, or even buy within driving distance (e.g. 2 hours) where you can check on your property you have better control instead of buying in an unknown area far away even if the numbers look good on paper. 

Also, the buyer would be assuming any other unknown liability the LLC may have such as a lawsuit about to be filed.

Her response was that I would be charged for the full month of march rent ($1,800.00), a reletting fee($1,800.00), and forgo collecting my deposit($1,800.00) + advertising cost and fees(Dollar unknown).

To your point, we can't wait for an unknown that may or may not be coming (i.e. the bottom of the market).

Yes, one of my biggest concerns and unknowns is how much a gut renovation would cost since I don’t have that experience.  

Especially if there is unknown factors