Hopefully if you thought you were within inches of the starting line you now see you should take a little more time to look around and gain some more knowledge.  

He asked me how he would go about raising the rent, and possibly converting the lease to a paper contract agreement.So my question to you is the same.

Now the short answer is, unless you clean every square inch the property is still contaminated.

If you have the money, i would do that plus add a metal z channel going opposite direction of the joists ( screwed on top of the existing plaster ) and then add another layer of drywall. the Z channel leaves a space that helps in sound transmission. the problem is the sound is transmitted through the existing floor joists too, so just the insulation will not do it because the joists are still against the ceiling. this is something similar, but in this picture they used clips in combination to hold off hat channel from the existing ceiling which will lower your ceiling about another inch. 

So many "cash" buyers have commercial lines of credit, Home Equity Lines of Credit (HELOC), even credit cards with significant lines that allow them to convert money into cash quickly. 

Professionals drill (two feet or the longest masonry bit available) into the hole every 24 inches around the exterior and interior (if the basement is not finished) perimeter of the building and spray the chemical into the hole.After you have sprayed the chemical in the hole patch the hole with cement so the rain doesn't flush the chemical out.

There would be additional review at this point: ordering the appraisal, downpayment requirements, and the paperwork for the rehab draws and terms.The local banks I've worked with required 25% down on the purchase price, the rehab was done in drwas after the inspections, but all one closing and then the loan converted to a permanent loan once the draws were complete.20 year term resetting every 5 years, for me.  

The tip of late on taxes being highest stress and converting to deals comes from my research not my first hand experience.  

Looking to convert to student housing ie all undergrad.

Looking to convert to student housing ie all undergrad.