From what I understand, it was probably raided just over a year ago, inspected and then put into this environmental hazard state and deemed illegal to live in until certain criteria are met. 

Went to Menards at 9pm last night with the goal of getting a good deal on flooring.,  Spent the night in the truck and stood in line from 4am when they opened the doors at 6 am I was one of the first to get in... Onl...

Before I choose a style of investing in real-estate I will continue to read up on the topic.  

Not everybody has that kind of luck though, and if you have a renter with sick children who suddenly can't live in a home you leased, then they will come after you.Please post any follow-up questions or comments here and I will certainly try to respond to them.Travis West CIEC (Council Certified Indoor Environmental Consultant)MAC0325 (Mold Assessment Consultant; licensed by the Texas Department of State Health Services)

And each market will always have a different kind of opportunity (different purchase prices, different styles of properties, etc.)

Multifamily units are in style right now.. time to adapt your strategy.2.  

Availability is a bit of a mix between 1970's apartment style duplexes and older historic homes that have been converted to 4-plexes.

Your fluid, stream-of-consciousness style is very Faulkneress and can be challenging to read for some.

Any environmental or community issues? 

In order to split the property up, you would have to subdivide the lot if it can be converted into a townhouse style side by side.