Personally, I'm a proud civil engineer with four properties, and in my case, I enjoy to write about foundations, structural, drainage, and soil issues and help the BP community on these specific issues.  

I recently inherited a house in nj it's on ground which is not the norm since hurricane sandy, most houses are on stilts.

Marco Giovannoli If you want to do this on your own, I suggest you:- speak with a planning consultant to get a good idea of the approvals process and timeline; - speak with an engineering consultant will give you an idea of the costs involved with servicing a site that size and a reasonable timeframe to complete the work;- speak with the town planning department to get a sense of the town's view regarding the development and determine the paperwork/studies that will have to be submitted;- ask the vendor/broker if there is an environmental report done for the site to determine the extent to which soil remediation will need to be undertaken;If this is your first project, I highly suggest you find a developer to partner with in order to learn the process first.

Check on the USGS website and you'll notice that PR has hundreds of type s of soils vs. states that have less than 10.

Holladay is a great place that you can expect a huge bump in appreciation in the next few years.I've actually never been to any of the REIA association meetings but I do a lot of extensive market research in this market for my own investment & my investor clients, and Holladay/Cottonwood Heights/Sandy/Draper is one of them.

Lesson #3 I call each town now as the Uniform construction code since Hurricane Sandy has gone out the window and many towns are implementing additional items that were never needed before and this includes utility shutoff procedures.Here is where the fun part started, I go over to the house the day after closing with my wife Pili Yarusiand two of our guys for review.

Window wells shall be designed for proper drainage by connecting to the building’s foundation drainage system required by Section R405.1 or by an approved alternative method.Exception: A drainage system for window wells is not required when the foundation is on well-drained soil or sand-gravel mixture soils according to the United Soil Classification System, Group I Soils, as detailed in Table R405.1.R310.3 Bulkhead enclosures.

Window wells shall be designed for proper drainage by connecting to the building’s foundation drainage system required by Section R405.1 or by an approved alternative method.Exception: A drainage system for window wells is not required when the foundation is on well-drained soil or sand-gravel mixture soils according to the United Soil Classification System, Group I Soils, as detailed in Table R405.1.R310.3 Bulkhead enclosures.

Can you simply fill the low spots with top soil and re-seed?  

The risk is that the tank leaks and you'll be looking at crippling cleanup costs.If it were me, I'd make my offer contingent on the tank being removed and the surrounding soil being tested by a licensed environmental testing contractor and coming back clean.