The tax advantages of buying/holding gas stations are pretty great.Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year property so you can bonus depreciate a lot of it (minus the land value) and get significant deductions in year 1.With the 2025 bonus depreciation rate at 40%, a $1 million gas station acquisition could still lead to $100K+ in year 1 deductions depending on the specifics of your deal.

It may be helpful:I can give you some general info on insuring the property:Here are some things to look for from an Insurance prospective:1.Any in-ground tanks (active or inactive)2.Any Knob & Tube or Aluminum Wiring3.If built before 1978, does the building have Lead Safe certifications4.Any wood stoves or secondary heating units.

Why intentionally put yourself in the tank with the potential of that deficit being much wider than you anticipate?

Are you trying to narrow down the perfect property type for your first coliving investment?

Pretty easy to get a $6,000 to $10,000+ sewer dig up and replace cost if it's a perfect wide-open area.

Quote from @Salvatore Ross: When it comes to finding the perfect property to manage/co-host, what’s on your must-have list? 

Quote from @Perry Lierman: Thank you, this is perfect! 

Sixteen homes to inspect- roofs, hot water tanks, soft floors, siding damage, decks, porches, furnaces. 

3) Washer/Dryer/Water Heater Tank: The house has a space tucked away for a washer/dryer, vents and all.

Last I would see if there is a record of an oil tank.