If its been on the market for 5 years, dropped in price by 70%, has approved plans and permit fees paid and its STILL on the market there is something big you are missing or are not being told.

Our existing city water psi was more than adequate & I was permitted to use 3/4 Pex throughout.

Orono also has a few additional permits that I hadn't run into before.

Aaron, the reason I do my own background checks is that I own c class apartments and prospective tenants do not want to pay for background checks.

Is the building permit process pretty easy?

I would strongly recommend you find a fire restoration company/contractor to walk a prospective property with you and give you a good understanding as to what needs to be done.

Just to second what @Arlan Potter said, spend a hour or so at the City Hall or County admin building, talk with a building permit folks, they're general very helpful, and its a great free resource.   

Would be happy to chat with you about prospects here and in other parts of Hudson County.  

We have been able to get a few deals rezoned and permitted over the last 30 years here. 

I learned soo many things on how the whole process goes from permits contractors watching budget scheduling and even water main taps and sewer issues.