I had a conversation today with a friend who enjoys aviation and he brought up the idea of investigating the Air Park Development business - building new or buying existing communities to improve. 

After further investigation what grabbed my attention the most, and still does to this day, were the tax benefits from owning property.

If I see a property that rents for .8% of the purchase price or higher, I know it's worth investigating.

Well I think the first question is did you file a police report, have the case investigated, and had a judge determine that those funds (if any) indeed belong to you?

We investigated upstairs and found 1 corner in the guest closet, behind some storage boxes that appears to have some amount of water damage (potentially).

We investigated some areas in Florida and observed some areas have minimum rental periods of 1 month versus 1 week. 

They are simply shuffling paperwork for you while doing their best work for the seller.You have a ridiculous amount of time to investigate.

Investigate other property managers and see if you can get a better deal on that. 

You really need to investigate the track record of anyone you want to work with prior to spending the money.Addressing your questions specifically....1.

I am not sure what the laws in Indiana are but I would investigate them thoroughly.