I called my own mold remediation contractor who tested and remediated mold.  

I sincerely hope things change but if you had to ask me right now, I would accept all of my (300k) capital back if they wired it back to me tomorrow. 

I'd certainly recommend doing some kind of environmental study given the chemicals and such that could have been used there but more-so I'd be curious if the city wouldn't have a testing requirement to redevelop. 

The main issue is, since I'm using VA benefits to purchase these properties, I have to live in them, and because of this, they have to meet a threshold of what my family is willing to accept.

Checkout section 469 of the tax code for material participation tests and what it all means.

Price: $1.2MOffer: $900kI had my agent call to see if the seller would accept this price because it's been on the market for a year.The seller's agent said the owner had rejected a $1M offer in the past, but it's been awhile so maybe and asked for a formal offer with proof of funds and pre-approval.Why?

If purchasing all cash do we just accept a smaller COC return?  

Seller shall furnish a copy of a prior owner's policy of title insurance or other evidence of title and pay fees for: (A) a continuation or update of such title evidence, which is acceptable to Buyer's title insurance underwriter for reissue of coverage; (B) tax search; and (C) municipal lien search.

If you choose to accept it, make them apply and pass your screening, add them to the lease, and charge extra rent to make it worth your trouble.

I had an offer written up but knew if I submitted it too soon it would look like a low-ball offer and probably not get accepted, last day I was in town the price dropped and I threw in a full offer and asked for full closing costs.