If there's competition for the property, you might need to provide a price first and renegotiate later, especially if you have a contingency for well and septic issues.Step 4: Fixing the SystemsAfter securing the property, we start the permitting process for well and septic repairs immediately.

In the meantime, I am trying to better understand the Indianapolis (Fishers, Carmel) real estate market and considering getting a realtors license.In Indiana, the cost for the real estate licensing course is approximately ~$580 and an additional ~$80 annually to maintain.

I would not pay them $0.01 and if they did not provide me all my money bock, I would sue them for what they owe me. 

Purchasing a non-performing note can provide above average returns in a relatively short period of time, therefore providing the capital to purchase more non-performing notes and "churning" the funds.

Here's an article with additional FAQs on cost segregation studies that you may find helpful for your questions above.

The property is located in Rock Falls, IL We'd be able to provide debt on that.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

@Jesse BennettWe have tried this and it did not provide us any better results

This seems like a no brainer but would love some additional input from more experienced investors.

For additional context, the property contains two renovated log cabins with various amenities, hiking trails, and a few outbuildings.