The lenders never visit the properties themselves and their PM firms may not have noticed signs of a former tank (if any were visible).Now that he bank is aware, it will have to be disclosed to any other potential buyers.  

Make sure the project has a firm foundation in regards to demand for 1 bed room units in the area.

@Melyssa Green it depends on the firm and if they have multiple branches, but most in the Raleigh area don't operate in Onslow or New Hanover county.

I'm a firm believer that real estate investments are to be had in any market as long as you have expertise in the area and the personnel to carry things out.

Before the recession hit people at financial firms were putting a huge chunk of their money in company stock.

The newbie is going to do something multi-billion dollar servicing firms, banks and investors can't.  

With the medical centers around that area and most of them in North Texas having nurse and other professional staffing shortages, contacting a few augmentation firms may be a good idea. 

Asking $65K...they are holding firm at $59k.

Keep it on your radar and hold firm to the price that makes sense for your to pay.

I'm a firm believer in pricing a property at market value or better yet ,,, a little below market value to make it move fast.