You may want to read our series here on BP:You might want to read our series about “How to Screen Applicants like a Pro”:https://www.biggerpockets.com/member-blogs/3094/93296-how-to-screen-applicants-like-a-pro-part-1-verifying-credit-reportsGiven your lack of experience though, you may want to hire a PMC and read our series about “How to Screen a PMC Better than a Tenant”, since selecting the wrong PMC is usually more harmful than selecting a bad tenant: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes

Asbestos isn't harmful if you don't disturb it or leave it where it can become airborne. 

I don't see the harm in seeing if its something you want to pursue.

Hi @Jason Gettler,No harm in exploring both options.You will likely find that traditional options offer a lower cost of capital, but the application/draw process is more tedious.

You might want to read our series about “How to Screen a PMC Better than a Tenant”, since selecting the wrong PMC is usually more harmful than selecting a bad tenant: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes

I wasn't sure if I was legally obligated to check, but I see that doing so could cause more harm than good...thanks again!

--If nothing, then you got what you paid for:(  Another lesson learned.You may want to consider accepting the 1/3 from the plumber, but ask the PMC to also kick in 1/3.If you decide you need a new PMC, you might want to read our series about “How to Screen a PMC Better than a Tenant”, since selecting the wrong PMC is usually more harmful than selecting a bad tenant: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes

Hi Frank,There are well decommissioning companies that will do things like this.They follow state laws, such as in some areas back filling the well with a certain substance to permanently seal it.Florida may have laws on how to handle abandoned wells. 

After you get them to update your owner statement, you might want to read our series about “How to Screen a PMC Better than a Tenant”, since selecting the wrong PMC is usually more harmful than selecting a bad tenant: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes

I’m under contract on a property now and my inspector told me a white substance I had in one area was mold but the specialist I had in today told me mine was actually a mushroom and the only way to get rid of it was lime.