They don't investigate the market or analyze the deal, and they get caught up in a feeding frenzy and pay more than what the property is worth. 

Hi Chelsea, I have the following to recommend...The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses" by Eric Ries - This book explores the concept of lean startup methodology, emphasizing rapid experimentation, validated learning, and adapting to customer feedback.Good to Great: Why Some Companies Make the Leap...And Others Don't" by Jim Collins - Jim Collins investigates why some companies excel and sustain long-term success while others struggle.

My only regret with maximum overfunded life insurances is that I didn't take the time to investigate it fully ten years earlier.Personally I am also maxing out my Roth IRA and 401k, and everything over is going into the life insurance that has most of the same characteristics as a Roth QRP with some more advantages (no RMD, no maximum yearly limit, no penalty for early withdrawal, no limit on loans, no direct recognition on loan, steady returns and on top of it a 'free' life insurance).Some people will even completely pass on the qualified retirement plans and only use life insurance instead as their primary savings/retirement/college fund account.

@Ben ClarkIf youd like you can report them to the board and they’ll start an investigation and he’d have to show proof that he received an offer.Imo you should, agents that lie to get an advantage for their seller is against the law and the fact he got an offer the same day when it’s been up for almost a year is too much of a confidence.

So thinking of the longer term bonuses, this may be the way to go on this deal.I will caution that you really should at least investigate financing for your permanent debt.

Corrosion was everywhere inside the boiler, which none of the techs noticed until the initial installer came out to investigate. 

Repairs and improvements after that date can be expensed or depreciated based on the type of item and it's useable life, in accordance with IRS guidelines.Start-up costs are completely different...Excerpt from the Small Business Administration website:"The IRS defines “start-up costs” as deductible capital expenses that are used to pay for:1) The cost of “investigating the creation or acquisition of an active trade or business.”This includes costs incurred for surveying markets, product analysis, labor supply, visiting potential business locations and similar expenditures.2) The cost of getting a business ready to operate (before you open your doors or start generating income).

Get a private investigator to look up all related LLC's, their names on real estate in Texas, Georgia, North Carolina... pretty easy to find a couple 100. 

I am not as knowledgeable about other Indiana markets, but I tend to agree that you can find more profitable markets here outside of Greater Lafayette.I hope this helps anybody investigating our area!

That said, I do think the shortage of quality LTRs in the Poconos makes it a good market to investigate for that, especially over the next few years as additional resorts come online in the area, and the existing ones rebound post-Covid.