These tanks can contain anything from waste oil to gasoline, for example if there was a gas station there in the 1950's, those tanks could possible have never been removed and can easily cost 10's of thousands to be remediated.

I am desperately trying to get house #2 because my owner occupancy requirement stops after October (1 year after acquiring property) and was wondering on ways that you guys might have that I haven’t thought of.

I don't know anything about the ones you mention but I would be at least leery, if not outright suspicious, if the results were achieved by a company whose primary business is mold remediation.

Have you already acquired some properties?

I would also budget for and look for a 3rd party property manager, so they can worry about the day to day and you can focus on the bigger picture and acquiring more rentals.

At some point doesn’t debt to income tap out or your credit to the point at which you can’t acquire any more properties?

Then, you own 8 units and tenants are paying down debt and you can concentrate on acquiring deals rather than managing as you scale.

I hope to acquire my first property really soon!

If the current owners didn’t act promptly to remediate the water damage, the home will likely develop mold.Given that this issue was not disclosed and happened prior to closing, I would not put pen to paper.I would not want to live in a sick home, or one that likely will bury you in repairs costs.What other surprises awaits.

So, I'm into all the details of acquiring and renovating properties and normally leave all the tenant screening management stuff to a management company.