To me, this sounded like my offer and the first one were probably similar and the seller was just trying to get more money from one of us.

@Rich Senyszyn that's Incredible... sounds like he was learning more about the guitar and less about fixing your place.

Luxury Vinyl Plank FlooringMy living room is above the lower unit in my duplex so I was considering a plank with an underlayment for sounds dampening for the living room, but if that increased thickness will handle the unevenness worse then I may look at other options.

@Tyler King sounds interesting.

Sounds like you are on your way to a small apartment complex on that property. 

Sounds like the other posters have pretty much answered the question.

Sounds like the closing process should have earned you a masters degree in experience and education ;) Glad it had a happy ending.Couldn't agree more about the value that BP brings to this space. 

I am looking to network with professionals focusing in the cities of Indianapolis and Terre Haute or just hear sound advice from an experienced professional.  

It sounds like it is rent ($2500) - expenses ($2208) = monthly cashflow of $292 which is still decent (depending on how much you put down).A few things that jump out to me though are: $1200 HOA fees!

For what it's worth, it will not be our primary residence until years down the road depending on how things go (when we "retire"), but it sounds like, regardless, we should steer clear of both options (LLC and fancy self-directed IRAS) unless we want the LLC for pure liability peace-of-mind if we did somehow rent out the land or a structure on it (if it wasn't our primary residence).Thanks again for taking the time to reply, still figuring it all out and this really helps.