That's kind of what I was guessing is normal.

The answer to this question requires too much information about your specific circumstances for anyone to even hazard a guess.

Different techniques to find off market deals, advice from what has worked for others, so yea I guess it is a real question.

I'm guessing I will need to create an LLC in Indiana?

Guessing 60 days.

I guess the real question is what is the purpose of your cost analysis?

I guess my real questions are:Can I be penalized for their failure to perform, assuming they don’t send me the renewal prior to that 45 day mark?

My wife and I have been looking to buy a property for nearly 2-3 years but life always seems to come first (second daughter, etc.) and financial freedom...well...second...We are making it a goal to close on our first investment property before the EOY but I'm thinking more like closing before the start of Q3...put some more realistic pressure on myself.I've been WFH full time (risk management) since the pandemic and have taken on multiple "COVID" Projects...for example I killed off and "renovated" my entire front lawn into a golf course lawn (0.5 inches height of cut)...lots of factors come along with making that happen but a key to my success was...you guessed it...a lawn forum.I love meeting new people and making connections. 

Lori does a nice package when she is representing a buyer ( again retail) for the appraiser she will pull comps and do a big lists of the nice parts of the houses and quailty etc etc. and she presents that to them.. she might even meet them there to talk them through the house.. thats what I see her doing and she has been doing it for 30 years so I guess it works.

However, if after the cash flow questions above are determined (not guessed), the answer projects a negative cash flow, then the answer is to NOT buy the property.