Hello Everyone!I moved into a new area a few months ago, into a standard little neighborhood for my area. Whole bunch of 3/2, ~1,400 sqft houses, built in 1977/1978. Today, while the wife and I were doing misc. work o...

Hi Michael, Long time no see! 

So, unless you have yourself a very good deal, you'll end up paying through the nose for your property over time and having a very unprofitable deal.

No wetland testing required.If you have to hire/pay someone to do it ....good luck, no way around paying through the nose for "compliance".

Painting over will not remove the odors and soon as you close the house for a few days and turn the heat on, the stench will come right back to hit your potential buyers in the nose soon as they walk in. 

We then cover insurance, taxes, downtime and repairs personally, but each note will be paid in full at the 4 year mark on the nose.

Chris you hit it right on the nose.

When the real estate market took a nose dive years ago, I bought several rental properties and financed them through a local bank.

Don't bite of your nose to spite your face though.

I would expect to pay through the nose, which means at least $2 per square foot for materials + labor.