I sold a few duplexes i had last year to try and tackle something bigger but never thought i would be trying to do a 40 unit honestly.

The Vendor was unwilling to undertake the work to have the tanks removed and {possibly} the soil remediated - nor would he entertain a reduction in price or an escrow of a portion of the purchase price in exchange for us tackling the issue - and the deal came unravelled.Now being obliged to disclose the results of the Phase I to other potential suiters, the Vendor ended up removing the tanks some months later.Most jurisdictions in Canada will require an abandoned UST to be removed ... even it not abandoned, if the tank is older and steel, it may have to come out.

That is actually not a huge deal and can be tackled with resourcefulness and education.

Maybe you could share some of your expertise with the rest of us when you see questions that you can easily tackle!

And after you hit that link, the last thing you will remember is getting shot or tackled by the Cops.

Damien - We've actually tackled this issue for our upcoming new forum release (this week) . . . it is a great idea, and I hope that we made it work.

(the house next to me sold for 275, even thow it is much larger and newer) but i am about half done renovating it and am looking to buy another when i sell this one, my question is i currently have 40k cash, should i save more maybe 60-90k before trying to tackle another, im looking to really get into this, and am hoping to find a higher end forclosure witch could yield more profit.

Not sure if we should tackle this considering it's our 1st property.

It is entirely within your realm of ability to tackle the over site and scheduling that you would pay that 30% to the general contractor to do.

I will try and tackle it soon (gotta run now)