You may want to have the seller get an environmental test done as a condition of purchase and if it comes back negative offer to reimburse them at closing.

I've used a Tilt n Turn (euro style) window for this purpose and it is much less expensive than the $2500 range I am reading here.

That said, when we examine a property with oil heat, we will budget the cost of converting it to either gas or electric in our offer analysis.Our reasons to move from oil are as follows:1) environmental and health liability of storing large quantities of fuel oil (essentially diesel) on-site.  

Based on the modest style of the home, I'm leaning more toward Home Depot appliances and finishes than luxury.- Renovation includes making two 1st floor beds into a large master with an ensuite and expanding 2nd floor bath, plus paint, carpets, etc.- Prospect #1's contractor's estimate is $60K.  

The best tenants stayed and the undesirable tenants left on their own after becoming aware of our management style. 

I think you need to do some life style planning first.  

I hope that this is not true, but it may be an old fuse box style as well, and if this is the case I will probably ask for seller concessions to make the necessary upgrades and potentially rewire the entire place.

It's a 3 bed 3 bath, row style condo and very comfortable for my wife and I.

Even if your credit is pure poopy, commercial financing of some kind should be available with little to no hassles using 20% ($1m) down provided your LTC does not exceed 85-90% which I'm sure some pre-construction commitments/sales can overcome even if it is.Take your Feasibility Study, Market Analysis, City Approved Plans, Business Plan, Pro-Forma/Projections, Land Use Approval, Environmental Approval, Corp of Engineer Approval (as needed), Soil Sample Reports, Executive Summary, Builder Portfolio and either an Architect Rendering or Scale Model and march on down to the local bank.

Colonial style, nice front porch.