Welcome to BP Kevin Schermerhorn,You seem like a sharp guy that has a lot to gain by making things happen now for your family!

I think it depends much on perspective which often has a lot to do with personal experiences (or lack there of).Btw, both Newark and Elizabeth are red hot with Investors as well.

So although I know a good deal about the tax side of real estate investing, I have a lot to learn on the investment side.

I read BiggerPockets Ultimate Beginner's Guide and that helped me a lot to understand the RE from different point of view.

Well, an oil tank would be an environmental issue, not a title issue (for the most part) - and the severity of the problem (and how much you actually need to worry about it) has a lot to do with how the property is zoned (commercial or residential) and what your state's environmental laws are (this all leads to an entirely different conversation from the one we're having about the title).

There's a lot to be said for spending your career doing something you may never truly master (if only because the field is changing faster than you can learn it all)...

We purchased it 3 weeks ago and now find there is a lot to do to get ready to sell.

If that was what you needed to do to buy a property, you wouldn't be an investor, you'd be a bystander.I will say though that your area really has a lot to do with that number.

I am sorry for all of the questions, and I understand I have a lot to learn before I start investing.

There is a lot to learn here and its reliable.Not a plug, but the truth.