The local codes will have the appropriate methods for disconnecting in-ground tanks. 

Then you can make the appropriate decision on how to evict your inherited tenants once purchased. 

I have experience rehabilitating rental properties but not developing.

I am just starting out in Raleigh NC and trying to figure out what an appropriate time frame is before I reevaluate my requirements/qualifications for my rental.

Hi @Dhanush Kondoth - I can recommend a couple good property managers in the area, both of whom would also be willing to walk the property and recommend repairs that are also appropriate for the market in which the property is located.

@Chris Martino - I agree with @Thomas Franklin, you'll find that specifying your niche/strategy (assuming you have one in mind) will help you pool the appropriate resources to help you achieve your goals faster.

Long term demand and growth areas of this city will have a direct correlation to the school's ratings, in general.Look for the most appropriate balance between short term return, upfront cost, and long term growth.

You're better off looking for a more rent appropriate property, but the cap rates in SF are pretty low these days...oh want to do, what to do?!?

This of course assumes that the investor is indeed reinvesting the majority of the returns and using appropriate leverage to grow their portfolio.

You may want to double check with your local MLS about the appropriate and approved use of those legal documents for off market transactions.