For cash transactions, we can handle the Closing several different ways.

I could have handled it differently, angered him more, and maybe had him vandalize the house one night. 

Our servicer and the trustee handle all the notifications for us so that we know we're in compliance.You don't have to wait to approach the borrower regarding a Deed in Lieu.

He will handle the rest.

If so and you are sure you can handle the management of this property then I say go for it. 

I would like to have my son and his friend handle any of the repairs also - maybe next year.

If the $ is big enough it might make sense to consult with an attorney to determine if this was handled properly by the seller/condo association as concerns prospective purchasers.

I am choosing to save up some capital until I can afford to handle mistakes, before I jump into a 6 figure decision.

Environmental companies can perform an assessment called and ESA or "Desktop Review" its a historical record search that ties into a number of databases that will know the history of that tank if their is one, who put it in, and if it is still deemed "hazardous or dangerous" to the public.My company is an environmental firm that handles these types of issues in the commercial and residential real estate industry.

He handles pretty much everything for me in regards to any legal stuff for my real estate.