I am hoping to pick your brains on a strategy when negotiating a deal with a REO property with an inactive, underground oil tank on the property. 

No stain, No oils, No fumes.

Oil.

I'm working on the oil/gas pipeline construction through out Texas/Oklahoma.

As my good friend and fellow investor says "just don't park your car with the oil leak in the driveway."

single family in Elizabeth NJproperty ARV 190k-210k3 beds 1 bath3,880 sqftproperty sqft is 1,489year built 1900 (no oil tank) home is converted to gas alreadyRehab 60k-70k (I did the math and its close to 63k)Asking 67kEver since the beginning my realtor provided me with comps showing 190k-210k the only difference I see is that one of the subject properties has 2 bathrooms this is the high 210k the other has 1.5 bath and that sold for 199k.

Not sure how much bs that is but he wasted a full tank of oil and clogged the toilets.

One of my high-earning clients invested couple years ago in an oil business, against my warning.

@Jodey Rifenburg1031/DST, oil and gas investment or something with a lot of depreciation.Of course speak to your financial advisor / CPA

I'm asking because I have been working In the North Dakota oil patch for the last 3.5yrs and have been making the best money of my life!