I hadn't heard that they had lost the home or had moved, so I googled around and discovered that they lost the home to foreclosure and it was put up for the first auction in Sept. of 2013.

Check out my BP blog post on this topic5 Reasons Why Bigger is Better with Apartment Building InvestingHope that helps!

If there is anyone that you connect with, check out there blog in the signature.

Hello,I am reading on BiggerPockets.com since a few days (mainly the blog) and really want to get going and get financially free with investing in real estate.

If you discover the repairs and removal are excessive you can communicate your concerns to the seller in the form of a new offer at a lower price OR request that they remove the tank prior to closing. 

When working on my house last year I discovered one circuit had been grounded by running a piece of bell wire over to a complete different circuit. 

So my advice is to use a straight lease and a simple option.Another idea is to use a ROFR, which I discuss on my BP blog ( lease and right of first refusal)

I would also include a blog, just to show expertise and experience and it helps with SEO. 

You've come to the right place.Start here: http://www.biggerpockets.com/blogs/1/blog_posts/60...Then start listening to the podcasts and asking questions.  

Be sure to check out all areas of the site like the podcasts and blogs.