No doubt, a bad PM can tank your investment.

So college kids are either going to get jobs and pay them, or not get a job, not pay them, and their credit tanks.

One of my friends told me I should have told him that I'm a shark myself, San Jose Multi-Family Shark to be exact.

@Jessie Niu I have a post somewhere on the forums detailing the entire process, but basically it had to do with a decomissioned oil tank that the bank was unwilling to remove, so we asked them to give us $50k back at closing to assume the risk(We did soil sample tests and other tests), they settled with lowering the purchase price $50k.

Like Ryan said your playing with a flaming tank of gasoline

Need your advice: today my client was ready to sign contract to purchase a single family house and was told that there was a oil tank removed 25years ago.  

Unlike houses where any Joe can try out being a landlord, the calls I got were from other sharks trying out-shark me.I think with the right sized list, a deal could easily be put together, especially if you mention 1031 or other tax advantages the recipient might be interested in learning about.

Clean:  I own a shark steam cleaner and carpet companies own better ones.  

:) Just be carful out there.... the sharks love cold water and the days of hot financing are long over!

Why did it take so long for oil to tank?