Although I have spent most of my career in the Oil and Gas industry both here in America and overseas, I have always had a romance with real estate and have recently decided to jump ALL IN and am looking for like minded individuals interested in working together in the creative investment aspects of the business.

Greetings BP family,I'm currently rehabbing my second rental property in Baltimore, MD and need advice on removing a large oil tank from the basement.

There wasn't any oil, but the pavement is old

Please advice.Price $250,0002 FamilyRents: $1,200 per unit2 – 2 beds unitsBrickAge of roof unknownTaxes: 5,300Age of the property: 72Garage and DrivewayNothing to do but to move in (unless you want to update the kitchen)Very well taken care ofUsed to be oil tank but now removed and converted to Gas1 meter for both units – water and gas (the seller splits the bill between two tenants)1 unit if rented at $1,2001 unit is vacantThe roof is still good but in the next 5 years might need some work.Thank you

Mineral, Oil and Gas Brokerage26.

@Chris Dalianii speak about it in my little diary entry, but i did an oil tank sweep and we're at the negotiating table, there's also other issues like with the roof and electric. i negotiate for a living (work in sales), but it seems like only our attorneys can duke it out, which sucks for me. but it may be better for the first time around.there's a meetup in the area next week, not sure if you're the chris that was mentioned, but feel free to come by. i'll be in toronto for work, they're all good guys looking to help others. 

Perhaps the L/O idea is a good choice regardless.I'll try to nail my lender down tomorrow, and give the seller a call [she gave my agent her number and I've actually already spoken to her once about some questions I had regarding the Oil Furnace.My only concern regarding the lease was if i have a contract that states a move in date, although the boys will be fine with "whatever"- will their parents?  

Insulation+heat pumps are about the same price as a new boiler/tank and a much safer investment in my opinion, who knows what oil/natural gas will cost next year or in 10 years.

But yours may be an area tied to issues like oil prices, so the holding period could be through a few cycles (think decade(s)).... 

Prices have continued to climb even with oil crashing in the past year and the drought hitting ag pretty hard.