below ground means it's a burried tank, most likely the building dept will want it excavated and new one installed either in the basement or above ground. if you buy a property with a below ground oil tank it can be an environmental night mare if it fails a pressure test and is leaking. the soil around the tank will need to be professionally removed and hold off to an approved facility. you will have the Dec and building dept watching every move. make sure you get quotes to get an approximate idea of costs on this and add that into you purchase offer, be very well prepared to take on a project like this when buying with a below grade oil tank

I went to the MA RE Board but I was given the option to purchase their contract.

CapEx and R&M are addressed by rehabbing the house.

Rent is too low based on the value of the property, managing tenants can be a night mare as well if you are not interested in being a landlord. 

@Daniel M. are you interested in buying in the south Florida market?

How much are the expenses (see below):  T - property Taxes   I - hazard Insurance  M - are you paying for property management or self-managing? 

I am hoping some of these folks when they lick their wounds and move on from the night mare  don't blame the new people and throw them under the bus as being the ones bearing the bad news.. tough situation for all involved.being in this space for almost 20 years this is really something..

Everything entailed in the conversation above (jobs) go hand in hand with the influx of students - which is never ending (albeit semi-seasonal).In fact, the growth plans of A&M are ambitious, and I think it's going to be a very hot rental market.

It was a night mare for title and all parties involved.

I'd say there is a decent chance an offer comes through in Jan 18. 2) I've been doing some product development consulting, and have a client that is interested in a remote relationship. 3) I have my MA RE license.