Keep in mind, that if it tests positive by a certified tester, they are required to report it to the health department and they will subsequently list it and require a formal decontamination process. 

Since I wouldn't be looking to sell, I'd only be in trouble if the rents cratered...

These high-density centers have subsequently degraded into government-subsidized low-income ghettos.Oh, and don't forget the municipal revenue enhancement opportunities as hundreds of drunk students drive back from the bars past police checkpoints.

However, the title companies we use (Ticor and Lawyers) do not subsequently provide title insurance policies, and I am unaware of any that do.

Title companies apparently do not feel confident that some interested party won't come out of the woodwork at some later date saying that they weren't notified of the delinquency and subsequent sale.So if you are trying to pick up some land with some spare change that you intend to get to after we send men to Mars, you should be okay.  

Subsequently, the retirement account can be invested directly into real estate.

.-: title to the property would now be assumed by the 401(k) solo due to the default of the note & the subsequent execution of the DIL.:- now the profit from the eventual sale of the property should be held tax free in the 401(k) solo for future disposition.am I Correct ???

My wife worked in the  financial aid office of a university a few years back and subsequently ran a grant writing business for students.  

I did so successfully (26K net profit.  208% annualized cash on cash return).I took all of the proceeds and plowed part of them back into a second flip, which I'm actively working, and part into the purchase of a rental (which I'm also rehabbing, in order to put a renter into).Before my first flip, during my first flip and well into this second flip and rental (on an on-going basis), I devoured (am devouring) all of the education material on flipping, then subsequently on renting (landlord-tenant laws, leases, etc) that I could get my hands on.I would say, without ego or pride, that I've spent a great deal of time educating myself thus far.I still consider myself a complete newbie investor.  

I've never gotten another deal off the subsequent 700+ signs I have put out (I have since quit signs).