It has about 12 years old , oil heating system.

Especially if we decide to fund ALL their oil exploration and drilling.

The other cheap update you could do is to but in some brushed nickel or oil rubbed bronze towel holders, toilet paper holders, etc (whichever matches the faucets).

I'm coming from the Oil and Gas World, and dealt with deeds and Oil leases both of which the instrument date is dominant.  

A tenant that uses hazardous waste materials such as auto body paint or motor oils etc. has a responsiblity for proper disposal.

In the upstream oil business we would routinely buy mom and pop small businesses for a multiple of EBITDA based on the stability, scalability, and transferability of the revenue.

For example I sold my truck to my company and now I get depreciation, deduct the fuel oil, repairs, tires, plates, insurance, etc. deducted.

Can anyone provide me with some helpful tips in dealing with getting a property under contract that has an underground oil tank?

When you have more than enough after working really hard and getting older those precious memories with yourself, family  and friends start taking more center stage than burning the midnight oil at all costs.I am 48 years old now.

I wouldn't build any sort of fancy drive way or parking spot and expect to never have any oil drip on it.