Open floor plan, tall ceilings, gas fireplace and spacious kitchen.

It is very common to see automotive, gas stations, and dry cleaners that have environmental issues which can get expensive beyond belief.If you want to do whats called a desktop review or RSRA report to see what kind of environmental issues the property may have please let me know.

There is no natural gas in the town. 

Has a list of people waiting to rent there and is getting $675 per unit. 2 years ago one of the tenants left the gas stove on with food cooking and it burned down the 3rd unit, due to insurance reasons he had to remove the building pad as well after demo.

Especially, around the AC and where the Gas lines went into the house.

It seems like we're definitely close to the bottom, and with Oil and Gas activity picking up, it should definitely help stabilize prices.

This one is easier as there's natural gas lines and I can just convert it over but still pricey ($5-7k)The seller doesn't have the funds to make the repairs so I'm trying to find a way to make this deal happenWithout getting bids, I'm estimating about $15-20k for rehabbing these items (FEEL FREE TO TELL ME I'M WAY OUT TO LUNCH)....this is on top of the $5-8k I budgeted to put into the interior.I'm not a flipper and was looking at this as a buy and hold cash flowing property.Looking where to go with this one:A) Reduce offer by $15-20k to $155k- Cons: I'm going to have to find a loan as I need my capital for other purchases in the hopperB) Reduce to $160k and get $5k in closing help- Cons: I'm still going to be out of pocket but b/n closing help and reduced downpayment would be able to get most of the work done and just put the rest on a credit card and use the cash flow to pay it down over the next 12 months.C) WalkD) Other options???

Would like to know your opinion on this type of gas valve. 

Given the zip code and the price, this is not a purchase to be done sight unseen.You would also need to find out of each of the units has separate electrical & gas meters. 

Luckily I will be doing this on a full time basis and the many years of project management experience in Oil and gas Services contracting should be of some help.