Since you will be carrying it over the winter the Oil could be significant I'd estimate getting at least 2 tanks and at least $1,000 a pop.

She wants to turn the middle bedroom into a huge walk in closet .The back bedroom holds the water tank in the corner of the closet.  

Credit has its uses and the model of buying depressed real estate with super cheap money in a strong rental environment is a good (fantastic) one, its just that after fighting so much with those bastards when the market tanked and I had loans out the wazoo I'll personally never give up that much control of my business again.You can wholesale with no money and no credit, you can rehab with other peoples money, but if you are building a rental portfolio you're way better with bank funds (or partnering with someone who can get bank funds).

I am not too interested in really difficult-to-fix problems.You've really got to be careful if the property has a septic tank and there is a problem with drainage or high water table.

When you get sued by the county and they're issuing $1000 a day fines because they're tired of the mess you made, your leaking underground storage tank, or your illegal wrecking yard, you tend to get motivated pretty quickly.

Tanks will generally need to be pumped every 5 years or so.

But since he originally signed himself at 3% of sales price to start with, he's a shark.  

If the market tanks thats a good thing, you can aways make money in an up market and a down market just some different strategies.

We used to build refrigerators like tanks and they would last 30 - 40 years.

I get that he doesn't want the deal to tank because then he doesn't get paid, but I don't even see how this could possibly tank the deal.