It is pure gambling at that point at the cost of your money. 

That being said, there are clients of mine who own hundreds of properties and they like to put 2-3 properties in an LLC as 2-3 properties are a small percentage of the total properties in their portfolio.The land trust structure could have different benefits in other states, but we normally do not advise clients to use a land trust and an LLC in Ohio, except in the case where our estate planning team advises clients to form and hold assets, including membership interests, in trusts for estate planning purposes.

That would normally be done within a LLC. 

Does my electricity bill amount sound normal?

Happy to help you take a closer look at the deal and give some additional insight, feel free to shoot me a DM.Jonathan Jennings with Falcon Foundation gives free quotes (normally can do same day or next day) and is well trusted throughout KC.

I normally ask buyers to be exclusive for at least 6 months. 

Moved quickly, offered over the asking price (but not crazy), offered more earnest money than normal, told them we would accept the home "as is" as long as there weren't major inspection issues.

Meaning the current owner bought a normal house, possible for a nice post rehab premium + COVID surge.

Super normal brother!   

They then proceeded to go through the normal process, earnest money, etc and then needed an extension, to which they put in more earnest money.