Kind of like shark investors whose tactics resulted in these "anti-predatory" laws that don't stop the predators, but does make everyone else's activities become "suspect".

Looked at a REO the other day (single family) and the basement had an empty 225 gallon oil tank that had leaked out.

I am a new real estate agent and have invested in Property Shark. 

Details of PropertyHad previous offer, financing fell through, came back onto market.Asking price $225,000, 1958sqft, 1 bed per unit, 1 bath per unit, 1 living room per unit, 2 story Built in 1922, rubber roof, aluminum exterior, 1 furnace (1995), 1 water heater(not sure on year), 1 water storage tank (was listed on condition report), units are definitely dated and could use some nice touching up (which I plan on doing myself to get some experience).

I would rather leave that up to the banks and the sharks...lucrative or not. 

I am placing last and best bid on home built in 1965 with septic tank.

I wish desire is all someone needs .. but it isnt .. the good news is .. if you have the desire and the discipline then everything you need to know ..from wholesaling , to flipping to tax liens to mobile home investing and mobile home parks and commercial real estate and so on .. is right here on this site .. no need for a mentor .. only a good set of eyes and ears and meybe a typing finger .. there is no need for a class or instructions other than what right here on Bigger Pockets .. the only thing a mentor might give you more of is self confidence .. thats what a lot of newbie's actually lack .. they dont even know it .. but they lack it .. its hard making that leap into the deep end with the sharks .. my suggestion is .. don't tip your toes to feel the warmth of the water , just hold your nose and jump right in .. and if you have a mentor that can teach you how to swim faster and a bit better .. then take it .. learn as much as you can until you feel like there is nothing left fir him to teach you ... then .. learn some more.. because if this guy has been at it for twenty years then he has a lot to teach ..

I had a oil tank sweep scheduled for Wednesday and he showed up today to the property not having access to the basement.

Tenant wants to stay.He tells me that the bank he bought it from told him the underground gas tanks were removed in 2012 and you can see the spot in the soil where it's been disturbed.

A lot of work, stress, and liability for a half tank of gas every month.Best Regards,Jason Eyerly