It seems like a wash, but I don't think it is, over the long term. 

Does anyone operate a "car care" center or designated car wash off area at their multifamily community?

Sorry for the corny subject line but I could not resist.Has anyone had experience owning and operating a car wash?

@Michael Anderson, unless you can rent it out to someone who will use it virtually every day, such as a food truck, sno-cone business, car wash, used car lot, etc., you will have to file an ejectment lawsuit. 

If its 80219 area, around that $250k mark, if around wash park or sloans lake or highlands, it will be much, much higher.

When was he late with rent-was it early on during covid? 

Was he just putting nice numbers in for the exercise or are there traditional loans out there for investment properties?

everything will wash in taxes anyway, not that important to separate.

What are you paying for when your get your hair done, carpet washed, clothes dry cleaned and so on?

I was not aware that if there was no 'release' that a tank could be left in-place, washed and then abandoned with with fill / foam inside.I get that regulatory agencies are unlikely to say there will never be any 'liability' but it sounds as if the closure report / 'no further action' letter stands as comfort to the (new) owner and any lender that the issue has been fully addressed.Oren